A Tax Rate That Increases as the Tax Base Increases

question 59

Multiple Choice

A tax rate that increases as the tax base increases is an example of what kind of tax rate structure?

• A)Proportional.
• B)Recessive.
• C)Regressive.
• D)Progressive.

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Definitions:

Fraudulent Misrepresentation

A false statement made knowingly or recklessly to induce another party to enter into an agreement, leading to a misleading transaction.

Undue Influence

An improper or unacceptable exertion of pressure or influence on someone, which may affect the decisions and actions of that person.

Duress

The use of force, false imprisonment, threats, or psychological pressure to compel someone to act against their will or interest.

Rescission

Rescission is the act of invalidating a contract, returning the parties involved to their positions prior to the agreement, under circumstances such as misrepresentation or fraud.