Economics · Taxation
Match the following taxation types with their correct descriptions: Taxation Types: (a) Proportional Tax (b) Regressive Tax (c) Degressive Tax Descriptions: (1) Tax rate decreases as income increases (2) Tax rate increases with income, but at a decreasing rate (3) Tax rate remains constant, regardless of income level
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(a)-(3), (b)-(2), (c)-(1)
- 2(a)-(3), (b)-(1), (c)-(2)✓
- 3(a)-(1), (b)-(3), (c)-(2)
- 4(a)-(2), (b)-(1), (c)-(3)
Correct answer
(a)-(3), (b)-(1), (c)-(2)
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