Post Utme Ui 2021 Economics Question 6
Practice objective / multiple choice question 6 from the 2021 Post Utme Ui Economics examination.
The government of a country has decided to implement a new tax policy to reduce income inequality. The tax policy involves a progressive tax system where the tax rate increases as the income level increases. Suppose the tax rate is 10% for income levels up to ₦100,000, 20% for income levels between ₦100,001 and ₦200,000, and 30% for income levels above ₦200,000. If a person has an income of ₦250,000, how much tax will they pay under this policy?
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About This Question
This is Post Utme Ui 2021 Economics Question 6. It is one of the objective questions from the 2021 Post Utme Ui Economics examination.
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