Question: BC20203 INSTRUCTIONS: ANSWER ALL QUESTIONS Question 1 Explain the argument on the ability to pay for an income tax. Using a numerical example, how you

BC20203 INSTRUCTIONS: ANSWER ALL QUESTIONS Question 1 Explain the argument on

BC20203 INSTRUCTIONS: ANSWER ALL QUESTIONS Question 1 Explain the argument on the ability to pay for an income tax. Using a numerical example, how you determine whether a tax schedule is proportional, progressive or regressive? Discuss. (10 marks) Question 2 Briefly explain consumption tax, Give any examples of consumption taxes in Malaysia. (10 marks)

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Explain the argument on the ability to pay for an income tax. Using a numerical example, how you determine whether a tax schedule is proportional, progressive or regressive? Discuss.

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