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?

AProportional

BRegressive

CProgressive

DCompetent

Show Suggested Answer

Suggested Answer: D

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

Limited Time Offer

25%

Off

Get Premium CIMAPRA19-F01-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Merrilee

1 days 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.

upvoted 0 times

...

Chantell

7 days ago

I'm not sure, but I think it might be regressive because the tax rate decreases as profits increase.

upvoted 0 times

...

Michell

9 days ago

I agree with Paz, the tax rate structure seems to be progressive based on the image provided.

upvoted 0 times

...

Paz

13 days ago

I think the tax rate structure in Country X is progressive.

upvoted 0 times

...