MCQOPTIONS
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MCQOPTIONS
| 1. |
In a regressive tax system..... |
| A. | The rate of tax increases as income increases. |
| B. | The rate of tax decreases as income increases. |
| C. | The rate of tax is constant with more income |
| D. | It bears no relation with income increase. |
| Answer» C. The rate of tax is constant with more income | |