Question 1 Report
The table below shows the incomes and rates of income tax levied on four professionals in an economy.
Profession | Income per month($) | Tax rate % | Disposable income ($) |
Doctor | 8,000 | 10 | |
Engineer | 7,000 | 12 | |
Civil servant | 5,000 | 18 | |
Nurse | 6,000 | 15 |
Use the above data to answer the questions that follows:
(a) Calculate the disposable incomes of the four individuals
(b) What system of taxtation was employed?
(c) Give reasons for your answer in 2(b)
(d) With the aid of a diagram, explain the system of taxation employed in 2(b)