WAEC Commerce 2015 Objective — Question 46
Question 46 of 50 from the West African Examinations Council (WAEC) Commerce 2015 Objective paper, with the correct answer and a full explanation.
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A tax charged in proportion to the value of imported goods is
- A. specific duty
- B. ad valorem dutyCorrect
- C. custom duty
- D. excise duty
Explanation
Ad valorem tax is the tax imposed on goods based on the value of the goods being taxed.
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