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Thursday, 02 April 2026
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A tax that takes an increasing fraction of income as income goes down is called?

A tax that takes an increasing fraction of income as income goes down is called?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Conditional
  • B Regressive
  • C Progressive
  • D Proportional
Correct Answer: Option B
Explanation:

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