A Ad Valorem Sales Tax Can Be Thought of as

question 189

Multiple Choice

A ad valorem sales tax can be thought of as

• A)a proportional tax.
• B)not part of the tax base.
• C)a revenue source for county governments only.
• D)none of the above.

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Definitions:

Interest Rates

The cost of borrowing money or the return on investment for savings, typically expressed as a percentage.

Collateral

An asset that a borrower offers to a lender to secure a loan, which the lender can seize if the loan is not repaid.