The tax in which the tax rate remains constant for each unit of the tax base is called:
A proportional tax applies the same tax rate throughout the tax base. Tax liability rises in proportion to the base, whereas progressive and regressive taxes involve…
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The tax in which the tax rate remains constant for each unit of the tax base is called:
Answer and explanation
Correct answer A
A proportional tax applies the same tax rate throughout the tax base. Tax liability rises in proportion to the base, whereas progressive and regressive taxes involve changing average tax rates.
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Telangana SET (TG SET)