Post Utme Caleb University 2021 Economics Question 17
Practice objective / multiple choice question 17 from the 2021 Post Utme Caleb University Economics examination.
The government of Nigeria plans to implement a new tax policy to reduce income inequality. The tax policy involves a progressive tax system where the tax rate increases as income increases. If the tax rate is 10% for income between ₦0 and ₦50,000, 20% for income between ₦50,000 and ₦100,000, and 30% for income above ₦100,000, what is the total tax paid by a person with an income of ₦150,000?
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About This Question
This is Post Utme Caleb University 2021 Economics Question 17. It is one of the objective questions from the 2021 Post Utme Caleb University Economics examination.
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