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JAMB Economics 1982 Question 34

Question 34

Public Finance

The PAYE (Pay As You Earn) in Nigeria is an example of

  1. A.indirect tax
  2. B.progressive tax
  3. C.regressive tax
  4. D.community tax
  5. E.flat rate tax.
Show the answer and explanation

Answer: B (progressive tax)

Explanation

PAYE income tax charges higher rates on higher incomes, which makes it a progressive tax.