The table below shows the annual gross income of four individuals in an economy and the corresponding amount they pay in a specific direct tax.
| Individual | Annual Income (£) | Annual Tax Paid (£) |
|---|---|---|
| Individual 1 | 16,000 | 3,200 |
| Individual 2 | 32,000 | 4,800 |
| Individual 3 | 64,000 | 6,400 |
| Individual 4 | 128,000 | 10,240 |
This tax is an example of a
progressive tax.
proportional tax.
lump sum tax.
regressive tax.
245 exam-style questions on AQA A Level Economics 2.5 Fiscal policy and supply-side policies, covering 2.5.1 Fiscal policy and 2.5.2 Supply-side policies. Each one has a worked solution and a mark scheme showing where the marks go.