AA tax on the income earned from employment.
BA tax on the value of goods and services sold.
CA tax on the profits made from the sale of assets like stocks or real estate.
DA tax on the total wealth of an individual or entity.
Related Questions:
Consider the following statements regarding the ‘Progressive taxation’:
I.Progressive taxation method has increasing rates of tax for increasing value or volume on which the tax is being imposed.
II.Progressive taxation method has increasing rates of tax for decreasing value or volume on which the tax is being imposed.
III. The idea of Progressive taxation is less tax on the people who earn less and higher tax on the people who earn more.
Which of the following statement(s) is/are correct?
