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Ad valorem tax means?

Economics
JAMB 1987
Ad valorem tax means?
  • A. a certain percentage tax based on the value of the commodity
  • B. a certain percentage tax based on the volume of the commodity
  • C. a tax on the income of the consumer
  • D. payment of a tax on the profits made
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Correct Answer: Option A
Explanation
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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