Characteristics of Unified Tax (TOII)
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Questions and Answers

What type of tax is Unified Tax (TOII)?

  • Flat tax on business profits
  • Progressive tax on individual wealth
  • Indirect tax on corporate income
  • Direct tax on individual income (correct)

    • On what basis is Unified Tax (TOII) levied?

  • Gross income
  • Total net income (correct)
  • Corporate profits
  • Investment income

    • Which approach does Unified Tax (TOII) apply?

  • Distinction approach (correct)
  • Aggregation approach
  • Average approach
  • Flat approach

    • What concept is related to the progressive nature of Unified Tax (TOII)?

    <p>Tax equity</p> Signup and view all the answers

    What is the tax rate for the third bracket under Unified Tax (TOII)?

    <p>5%</p> Signup and view all the answers

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