Post Utme Unilag 2019 Economics Question 25
Practice objective / multiple choice question 25 from the 2019 Post Utme Unilag Economics examination.
A government wants to implement a tax policy to reduce income inequality. The government decides to implement a progressive tax system with tax rates of 10%, 20%, and 30% for income levels of ₦0-₦100,000, ₦100,001-₦500,000, and ₦500,001 and above, respectively. If a person has an income of ₦750,000, how much tax will they pay?
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About This Question
This is Post Utme Unilag 2019 Economics Question 25. It is one of the objective questions from the 2019 Post Utme Unilag Economics examination.
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