Under progressive tax | Faculties

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Mr. Dubey

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Q. Under progressive tax

(A) the tax rate goes on increasing with an increase in the level of income
(B) the tax rate is constant
(C) the tax rate goes on decreasing with an increase in the level of income
(D) the tax rate is inversely proportional to the net income

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✅ Correct Answer: (A) the tax rate goes on increasing with an increase in the level of income

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