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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
3 months ago
Really? I thought progressive taxes were more complicated than that!
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Lemuel
3 months ago
Wait, isn't a flat tax like C not progressive at all?
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Dewitt
3 months ago
B seems a bit off, isn't it supposed to be higher for more earnings?
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Erick
4 months ago
I agree, A is the right choice.
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Craig
4 months ago
A is definitely a progressive tax!
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Sunny
4 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
4 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
4 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
5 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
5 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
5 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
5 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
5 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
5 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
5 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
5 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
9 months 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
8 months ago
B) Corporate income tax of 20% on earnings up to $100,000, then at 10% over $100,000
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Gail
8 months ago
I think it's A) because it has different tax rates based on income levels.
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Theron
8 months ago
A) Personal income tax of 10% on earnings up to $10,000, then at 15% over $10,001
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Carman
9 months ago
Looks like A is the way to go. Gotta love that good old progressive tax system!
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Devora
9 months 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
9 months 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
8 months ago
That's a regressive tax, the rate decreases as earnings go up.
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Gabriele
8 months ago
B) Corporate income tax of 20% on earnings up to $100,000, then at 10% over $100,000
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Sheron
8 months ago
That's correct! It's a progressive tax because the rate increases as earnings go up.
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Barrett
8 months ago
A) Personal income tax of 10% on earnings up to $10,000, then at 15% over $10,001
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Rodney
9 months ago
I think B is a progressive tax too, since the corporate tax rate decreases as earnings increase.
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Octavio
8 months 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
8 months ago
I agree, that option A is a progressive tax because the tax rate increases as earnings increase.
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Lashonda
9 months 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
10 months ago
Option A seems like a progressive tax to me. The rate increases as the income level goes up.
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Stevie
8 months ago
User 4: Yeah, it makes sense that the rate goes up with higher earnings.
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Pok
9 months ago
User 3: Option A is definitely a progressive tax.
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Regenia
9 months ago
User 2: I agree, the tax rate increases as income goes up.
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Cyndy
10 months ago
User 1: I think Option A is the progressive tax.
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Van
10 months 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
11 months ago
I agree with Hayley, because it has a higher tax rate for higher earnings.
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Hayley
11 months ago
I think the answer is A.
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