Multiple Choice
Which of the following is an example of an ad valorem tax?
A) A tax of $.15 per gallon on gasoline
B) A 5 percent tax on total purchases by a consumer
C) A yearly tax of 1 percent of the value of property owned by a citizen
D) A $2 tax on newspaper ads
E) A tax of $1,000 on every man, woman, and child in the country
Correct Answer:
Verified
Correct Answer:
Verified
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