Match Each Term with the Correct Statement Below

Match each term with the correct statement below.
-The value or amount that is subject to taxation.

A) Ad valorem tax
B) Deduction
C) Excise tax
D) Exclusion
E) Expense
F) Gain
G) Loss
H) Ordinary income
I) Pay-as-you-go concept
J) Personal property
K) Real property
L) Self-assessment
M) Standard deduction
N) Statute of limitations
O) Tax base
P) Tax credit