Post Utme Lead City University 2024 Economics Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2024 Economics Objective / Multiple Choice
Question 23 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ECONOMICS • objective

The government of Nigeria is considering a tax reform to reduce the tax burden on low-income households. Which of the following tax reforms would achieve this goal?

Answer Options

A. Increase the tax rate on high-income households
B. Implement a progressive tax system
C. Introduce a flat tax rate
Correct Answer D. Increase the tax exemption threshold
Correct Answer
D
Correct Option:
Increase the tax exemption threshold

About This Question

This is Post Utme Lead City University 2024 Economics Question 23. It is one of the objective questions from the 2024 Post Utme Lead City University Economics examination.

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