Mr. Patrick’s income is N900 while that of Mr. Shodawe is N1,300. if Mr. Patrick...
ECONOMICS
JAMB 2015
Mr. Patrick’s income is N900 while that of Mr. Shodawe is N1,300. if Mr. Patrick and Shodawe pay N90 and N130 as taxes, the tax system is
- A. Direct
- B. Progressive
- C. Regressive
- D. Proportional
Correct Answer: D. Proportional
Explanation
A Proportional tax applies the same tax rate to all individuals regardless of income.
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