CIMAPRA19-F01-1 Exam - 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

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Lashon

10 months ago

Competent? That's a new one!

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Tawna

10 months ago

I thought it was proportional at first, but now I'm not so sure.

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Tammara

10 months ago

Wait, are we sure it's not regressive?

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Rebeca

10 months ago

Totally agree, it definitely seems progressive!

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Olga

10 months ago

Looks like a progressive tax structure to me.

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Lili

11 months ago

I definitely studied progressive and proportional rates, but I’m not confident about this one. Competent doesn’t seem like a tax structure at all!

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Caprice

11 months ago

I’m leaning towards regressive, but I can't recall the exact definitions right now. It’s confusing how they all sound similar!

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Gianna

11 months ago

I remember a similar question about tax structures, and I think a proportional tax means the same rate applies regardless of income level.

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Emiko

11 months ago

I think the tax rate structure might be progressive since it seems to increase with higher profits, but I'm not entirely sure.

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Nadine

11 months ago

Wait, what's the difference between availability and shifts? I'm a little confused on how those two options might be different. I'll need to think about that one.

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Glory

11 months ago

I'd go with establishing a retention policy first. That way you know how long you're keeping data and can build the rest of the program around that.

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Arlette

11 months ago

I think the best approach here is to roll back to the previous firmware. That's usually the safest option when an IOM fails during an upgrade.

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Lashon

11 months ago

Hmm, I'm a bit unsure about this one. I know we covered queues in class, but I can't quite remember where they need to be configured. I'll have to think this through carefully.

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Vannessa

11 months ago

Hmm, I'm a bit unsure on this one. I know the control limits are affected by sample size, but I can't remember which specific chart type that applies to. I'll have to think this through carefully.

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Claudio

1 year 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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James

1 year ago

User 4: It's definitely a system that rewards ambition and hard work.

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Jesusa

1 year ago

User 3: I wish there was a way to get my profits into the highest bracket too.

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Dulce

1 year ago

User 2: I agree, it seems like the more profits you make, the higher the tax rate.

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Coral

1 year ago

User 1: I think the tax rate structure in Country X is progressive.

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Shawnta

1 year 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 year 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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Clorinda

1 year ago

C) Progressive

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Shelia

1 year ago

B) Regressive

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Avery

1 year ago

A) Proportional

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Lauran

1 year 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

1 year ago

User 3: Definitely, we need to be careful with these tricky options.

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Beula

1 year ago

User 2: I agree, let's focus on the actual tax rate structures.

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Tayna

1 year ago

User 1: Yeah, 'Competent' doesn't even make sense in this context.

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Mona

1 year 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

1 year 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

1 year ago

User 2: I agree, the tax rates increase as profits increase, even though the increments are uneven.

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Fernanda

1 year ago

User 1: I think the tax rate structure in Country X is progressive.

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Merrilee

1 year 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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