WAEC Economics 2025 Objective — Question 46
Question 46 of 51 from the West African Examinations Council (WAEC) Economics 2025 Objective paper, with the correct answer and a full explanation.
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Which tax system is progressive? (See Table: tax rates paid at $100, $500 and $1000 income levels for systems Q, T, S, R)
- A. Q
- B. T
- C. S
- D. RCorrect
Explanation
Tax system R is progressive because the percentage of income paid as tax rises as income rises (10% to 40% to 70%).
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