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CIMAPRA17-BA1-1 Exam - Topic 1 Question 30 Discussion

Country A's tax system is one where every citizen pays tax on earned income over S12,000 per year. The amount of tax paid as a percentage of income rises as individuals income levels rise.Which of the following describes the nature of the tax paid by individuals in Country A?
B) Regressive
A) Progressive
C) Retentive
D) Proportional

CIMAPRA17-BA1-1 Exam - Topic 1 Question 30 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam
Question #: 30
Topic #: 1
[All CIMAPRA17-BA1-1 Questions]

Country A's tax system is one where every citizen pays tax on earned income over S12,000 per year. The amount of tax paid as a percentage of income rises as individuals income levels rise.

Which of the following describes the nature of the tax paid by individuals in Country A?

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Suggested Answer: B

by Justine at May 06, 2022, 07:09 AM

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Kenneth
10 months ago
Progressive tax systems are the way to go for fairness!
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Hoa
10 months ago
I thought all taxes were flat after a certain point?
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Sherman
11 months ago
Wait, are we sure it's not regressive? Seems odd.
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Deja
11 months ago
Totally agree, that's how it works!
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Bok
11 months ago
It's definitely progressive since higher earners pay more.
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Delpha
11 months ago
Hmm, I'm not sure about this one. I'll have to think it through carefully. Exponential smoothing, discrete lot sizing, input/output control - they all sound like they could be relevant.
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Melvin
11 months ago
Hmm, I'm not 100% sure on this one. I'll need to review the differences between the load balancer options and how they handle client IP before answering.
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Lindy
11 months ago
Option B sounds right to me. Multidimensional reporting allows you to avoid the hassle of writing complex queries with lots of unions and joins, which can be a nightmare to maintain. The flexibility of MDX is a big advantage.
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