McqMate
| 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 |
| E. | Rs. 17,50,500 |
| Answer» A. the tax rate goes on increasing with an increase in the level of income | |
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