Post Utme Uniport 2024 Economics Question 7
Practice objective / multiple choice question 7 from the 2024 Post Utme Uniport Economics examination.
The government of Nigeria has introduced a new tax policy aimed at reducing income inequality. The policy involves a progressive tax system where the tax rate increases as income increases. If the tax rate is 10% for income up to ₦100,000, 20% for income between ₦100,001 and ₦200,000, and 30% for income above ₦200,000, what is the total tax paid by a person with an income of ₦250,000?
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About This Question
This is Post Utme Uniport 2024 Economics Question 7. It is one of the objective questions from the 2024 Post Utme Uniport Economics examination.
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