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Questions and Answers
What type of tax is Unified Tax (TOII)?
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?
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?
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)?
What concept is related to the progressive nature of Unified Tax (TOII)?
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What is the tax rate for the third bracket under Unified Tax (TOII)?
What is the tax rate for the third bracket under Unified Tax (TOII)?
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