A feature of the schedular system of taxation: O The tax system applies to individuals O It prescribes a unitary rate for the taxable aggregate income which is rot dependent upon the tax base O It imposes income tax rates in relation to a group of person's actual expenditur and the presumed income O It basically applies to corporations

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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A feature of the schedular system of taxation:
O The tax system applies to individuals
O It prescribes a unitary rate for the taxable aggregate income which is rot
dependent upon the tax base
O It imposes income tax rates in relation to a group of person's actual expenditure
and the presumed income
O It basically applies to corporations
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Transcribed Image Text:A feature of the schedular system of taxation: O The tax system applies to individuals O It prescribes a unitary rate for the taxable aggregate income which is rot dependent upon the tax base O It imposes income tax rates in relation to a group of person's actual expenditure and the presumed income O It basically applies to corporations ( Previous Next »
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