If the Tax Rate Increases with an Increase in the Tax

question 54

Multiple Choice

If the tax rate increases with an increase in the tax base,the tax is said to be:

• A)regressive in nature.
• B)a progressive tax.
• C)a proportional tax.
• D)an indirect tax.
• E)inequitable in nature .

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Definitions:

Formal Written Agreement

A legally binding contract that is documented in writing and signed by all parties involved.

Implied Acceptance

An agreement to the terms of a contract demonstrated through actions or behaviors, rather than explicitly communicated through words.

Telegram Acceptance

The acceptance of a contractual offer or agreement through a telegram, historically significant for its immediacy and legal recognition.

Binding Contract

A binding contract is a legally enforceable agreement between two or more parties that is recognized by law, where each party has made promises or agreements that must be fulfilled.