An ad valorem tax means

a

total amount of an income tax

b

a certain percentage on the value of a commodity

c

a certain percentage tax on the volume of commodity

d

a tax on capital gain

e

a profit tax

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Correct Option
b

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Discussions (3)

ilosimon
5 years ago

An ad valorem tax is a form of taxation based on the value of a transaction or a property, either real estate or personal property.

funtojambite
6 years ago

An advalorem tax is the tax imposed on the value of a commodity not percentage.
So the correct answer is b pls correct it

usman999
9 years ago

B

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