Tax 'progressivity' means:ASame rate for allBHigher rates on higher incomesCORRECTCLower rates on higher incomesDImports only
AIToaster TeacherWhy the answer is B, and why the others tempt you.Progressive tax applies higher marginal rates to higher income brackets (e.g. PAYE bands).Want this in Pidgin, Yoruba, Igbo or Hausa? Sign up free →