WAEC Economics 2025 Question 17

Question 17

Public Finance

The table below shows the percentage paid as tax on different income levels. Use it to answer the question.
Tax System | $100 | $500 | $1000
Q | 10% | 10% | 10%
T | 90% | 70% | 30%
S | 20% | 65% | 40%
R | 10% | 40% | 70%
Which tax system is progressive? Tax system

  1. A.T.
  2. B.Q.
  3. C.R.
  4. D.S.
Show the answer and explanation

Answer: C (R.)

Explanation

In R the rate rises with income (10%, 40%, 70%).