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0
Q:

A sales tax is a type of

A) aggressive B) regressive
C) both A & B D) None of the above

Answer:   B) regressive



Explanation:

Sales tax is an additional amount of money you pay based on a percentage of the selling price of goods and services that are purchased.

 

For example, if you purchase a new laptop Rs. 40000 and live in an area where the sales tax is 6%, you would pay Rs.2400 in sales tax.

Subject: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
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