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CIMAPRA19-F01-1 Exam - Topic 6 Question 82 Discussion

Which of the following is an example of a progressive tax?
B) Corporate income tax of 20% on earnings up to $100,000, then at 10% over $100,000
A) Personal income tax of 10% on earnings up to $10,000, then at 15% over $10,001
C) Corporate income tax of 20% on all earnings
D) Personal income tax of 10% and corporate income tax of 20%

CIMAPRA19-F01-1 Exam - Topic 6 Question 82 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam
Question #: 82
Topic #: 6
[All CIMAPRA19-F01-1 Questions]

Which of the following is an example of a progressive tax?

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Suggested Answer: B

by Mirta at Mar 07, 2024, 04:34 AM

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Aleisha
9 months ago
Really? I thought progressive taxes were more complicated than that!
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Lemuel
10 months ago
Wait, isn't a flat tax like C not progressive at all?
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Dewitt
10 months ago
B seems a bit off, isn't it supposed to be higher for more earnings?
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Erick
10 months ago
I agree, A is the right choice.
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Craig
10 months ago
A is definitely a progressive tax!
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Sunny
10 months ago
I’m not clear on this one. I thought progressive taxes applied to individuals, but option B seems to have a tiered structure as well.
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Teddy
11 months ago
I’m pretty confident that option A is the right answer since it has different rates based on income levels.
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Toi
11 months ago
I remember practicing a question like this, and I think option B might be progressive too, but I’m not entirely sure.
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Agustin
11 months ago
I think a progressive tax means the rate increases with income, so I’m leaning towards option A.
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Eun
11 months ago
This is a good test of my understanding of progressive taxation. I'll carefully analyze each option to determine which one matches the definition of a tax system where the rate increases as income increases.
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Rosalyn
11 months ago
I'm a bit confused by the wording of these options. I'll need to re-read them a few times to make sure I understand the differences between the tax structures before I can confidently select the right answer.
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Domonique
11 months ago
Okay, I think I've got this. A progressive tax means the rate goes up as the income goes up, so option A with the 10% and 15% rates seems to be the best example here.
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Ailene
11 months ago
Hmm, I'm a little unsure about this one. I know a progressive tax means the rate increases as income increases, but I'm not sure which of these examples fits that definition.
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Roosevelt
11 months ago
This looks like a straightforward question about tax structures. I'll need to carefully review the options to identify the one that represents a progressive tax.
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Altha
11 months ago
Okay, let's see... I know the Platform ID and all required properties are important, but I'm not sure about the other options.
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Twanna
11 months ago
Hmm, I'm a bit confused by the different management and logging solutions presented. I'll need to carefully read through each option and think about how well they address the specific requirements outlined in the question.
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Elsa
1 year ago
This question is a real head-scratcher. I hope the exam doesn't have too many tricky tax questions like this one.
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Venita
1 year ago
B) Corporate income tax of 20% on earnings up to $100,000, then at 10% over $100,000
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Gail
1 year ago
I think it's A) because it has different tax rates based on income levels.
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Theron
1 year ago
A) Personal income tax of 10% on earnings up to $10,000, then at 15% over $10,001
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Carman
1 year ago
Looks like A is the way to go. Gotta love that good old progressive tax system!
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Devora
1 year ago
Option D is just a flat tax, not progressive. I can't believe they'd try to trick us with that one!
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Alaine
1 year ago
Definitely A. The personal income tax rate going up with higher earnings is a classic example of a progressive tax.
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Staci
1 year ago
That's a regressive tax, the rate decreases as earnings go up.
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Gabriele
1 year ago
B) Corporate income tax of 20% on earnings up to $100,000, then at 10% over $100,000
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Sheron
1 year ago
That's correct! It's a progressive tax because the rate increases as earnings go up.
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Barrett
1 year ago
A) Personal income tax of 10% on earnings up to $10,000, then at 15% over $10,001
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Rodney
1 year ago
I think B is a progressive tax too, since the corporate tax rate decreases as earnings increase.
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Octavio
1 year ago
Yes, option A follows the principle of a progressive tax where higher income earners pay a higher tax rate.
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Jenelle
1 year ago
I agree, that option A is a progressive tax because the tax rate increases as earnings increase.
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Lashonda
1 year ago
A) Personal income tax of 10% on earnings up to $10,000, then at 15% over $10,001 is an example of a progressive tax.
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Crista
1 year ago
Option A seems like a progressive tax to me. The rate increases as the income level goes up.
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Stevie
1 year ago
User 4: Yeah, it makes sense that the rate goes up with higher earnings.
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Pok
1 year ago
User 3: Option A is definitely a progressive tax.
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Regenia
1 year ago
User 2: I agree, the tax rate increases as income goes up.
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Cyndy
1 year ago
User 1: I think Option A is the progressive tax.
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Van
1 year ago
I'm not sure, but I think A makes sense because it follows the principle of a progressive tax.
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Jerry
1 year ago
I agree with Hayley, because it has a higher tax rate for higher earnings.
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Hayley
1 year ago
I think the answer is A.
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