WAEC Economics 2015 Theory — Question 3

Question 3 of 22 from the West African Examinations Council (WAEC) Economics 2015 Theory paper, with the correct answer and a full explanation.

2(b). What system of taxation was employed [in the table above]?

Model answer

A regressive system of taxation was employed, since the tax rate (%) decreases as income increases (e.g. the Director, who earns the most, has the lowest tax rate of 10%, while the Civil Servant, who earns less, has the highest rate of 18%).

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