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Wednesday, 08 April 2026
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Ad valorem tax means?

Ad valorem tax means?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • 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
Correct Answer: Option A
Explanation:

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