Nigerian income depends on.......imposed on individuals, businesses and corporate bodiesQuestion 5Answera.incidence of economyb.incidence of taxc.incidence of debtd.incidence of borrowing
Question
Nigerian income depends on.......imposed on individuals, businesses and corporate bodiesQuestion 5Answera.incidence of economyb.incidence of taxc.incidence of debtd.incidence of borrowing
Solution
The income of Nigeria depends on the incidence of tax imposed on individuals, businesses, and corporate bodies. This is because taxes are a primary source of revenue for the government. The money collected from taxes is used to fund public services, infrastructure, and other government expenses. Therefore, the amount of tax imposed can significantly affect the country's income.
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