Principles of taxation - Jamb Economics Past Questions and Answers

Question 36:

• JAMB 1989

A tax is defined as regressive if?

A. The proportion of income paid as tax increase as the income level increases
B. All income group pay the same percentage of their income as tax
C. The proportion if income taen by the tax falls as income increases
D. The proportion of income taken by the tax is a fixed nominal amount of income for all income groups

Question 37:

• JAMB 1990

The relationship between tax rate and income which is relevant to a progressive tax is shown by

A. Curve X
B. CurveY
C. Curve Z
D. Curve X and Z

Question 38:

• JAMB 1990

THE RELATIONSHIP BETWEEN TAX RATE AND INCOME WHICH IS RELEVANT TO A PROPORTIONAL TAX IS DEPICTED BY

A. CURVES Z AND Y
B. CURVE X
C. CURVE Z
D. CURVE Y

Question 39:

• JAMB 1991

A tax that takes an increasing fraction of income as income goes down is called?

A. Conditional
B. Regressive
C. Progressive
D. Proportional

Question 40:

• JAMB 1991

The average tax rate is defined as

A. Total tax rate less the marginal tax rate
B. The tax rate which applies to additional value income
C. The ratio of total taxes paid to total income
D. Marginal tax rate for being progressive