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McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Edition 3ISBN: 9780078111068McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Edition 3ISBN: 9780078111068 Exercise 2
What is an ad valorem tax? Name an example of this type of tax.
Explanation
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Ad valorem Tax
Ad valorem Tax: The tax which is based on the fair market value of the property is called as an ad valorem tax.It is generally collected annually.xample: Real property taxes and personal property taxes
Ad valorem Tax: The tax which is based on the fair market value of the property is called as an ad valorem tax.It is generally collected annually.xample: Real property taxes and personal property taxes
McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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