May/June 2026 Paper 13

2026 · 30 questions · 30 parts · 30 marks

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14Taxation Public ExpenditureMedium1 mark
The income tax structure of a country has two elements.
  1. 1
    The first $20 000 of earned income is not taxed.
  2. 2
    Any income earned above $20 000 is taxed at 20%.
What would be a correct description of this tax structure?