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CIMA Exam CIMAPRA19-F01-1 Topic 6 Question 73 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam
Question #: 73
Topic #: 6
[All CIMAPRA19-F01-1 Questions]

In Country X corporate income tax is levied on profits as follows:

Which of the following describes the tax rate structure in Country X?

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Suggested Answer: D

by Noah at Aug 05, 2023, 03:22 PM

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Claudio
1 months ago
Finally, a tax system that rewards ambition and hard work. Now if only I could figure out how to get my profits into the highest bracket...
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Coral
12 days ago
User 1: I think the tax rate structure in Country X is progressive.
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Shawnta
1 months ago
Hold on, so Country X has a 'Ministry of Profits'? I want to apply for that job - free money for everyone!
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Hyman
1 months ago
This is a straightforward progressive tax system. The only way it could be more obvious is if they included a chart with 'Tax Rates for the Extremely Rich' at the top.
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Shelia
2 days ago
B) Regressive
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Avery
11 days ago
A) Proportional
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Lauran
2 months ago
Haha, 'Competent' as an option? Seriously? I think the exam writers are trying to trick us with that one. Let's just stick to the actual tax rate structures.
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Salley
21 days ago
User 3: Definitely, we need to be careful with these tricky options.
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Beula
26 days ago
User 2: I agree, let's focus on the actual tax rate structures.
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Tayna
1 months ago
User 1: Yeah, 'Competent' doesn't even make sense in this context.
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Mona
2 months ago
I'm not sure about this one. The tax rates seem to increase with profit, but the increments are uneven. I'll have to think about this a bit more.
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Evangelina
11 days ago
User 3: I'm not sure, it could also be considered regressive since the higher profits are taxed at a lower rate.
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Felicitas
17 days ago
User 2: I agree, the tax rates increase as profits increase, even though the increments are uneven.
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Fernanda
18 days ago
User 1: I think the tax rate structure in Country X is progressive.
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Merrilee
2 months ago
The tax rate structure in Country X is definitely progressive. The higher the profits, the higher the tax rate - that's the very definition of a progressive tax system.
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Rikki
1 months ago
User 2: Yes, the higher the profits, the higher the tax rate. It's a progressive system.
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Sueann
2 months ago
User 1: I agree, the tax rate structure in Country X is definitely progressive.
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Chantell
2 months ago
I'm not sure, but I think it might be regressive because the tax rate decreases as profits increase.
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Michell
2 months ago
I agree with Paz, the tax rate structure seems to be progressive based on the image provided.
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Paz
3 months ago
I think the tax rate structure in Country X is progressive.
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