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  • Effects of Sales Tax

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    chandioabdullah.bba2017
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    This document discusses different types of sales taxes - ad valorem tax, whose amount is based on the value of a transaction, and specific tax, which is a fixed amount for each unit. It also notes things to consider with sales taxes like price ceilings, which prevent prices from rising above a set level, and price floors, which prevent prices from falling below a certain point.

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    This document discusses different types of sales taxes - ad valorem tax, whose amount is based on the value of a transaction, and specific tax, which is a fixed amount for each unit. It also notes things to consider with sales taxes like price ceilings, which prevent prices from rising above a set level, and price floors, which prevent prices from falling below a certain point.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    3 views5 pages

    Effects of Sales Tax

    Uploaded by

    chandioabdullah.bba2017
    This document discusses different types of sales taxes - ad valorem tax, whose amount is based on the value of a transaction, and specific tax, which is a fixed amount for each unit. It also notes things to consider with sales taxes like price ceilings, which prevent prices from rising above a set level, and price floors, which prevent prices from falling below a certain point.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5

    Effects of Sales Tax

    Types of Tax
    • Ad valorem Tax
    • Specific Tax
    Ad valorem Tax

    Whose amount is based on the value of


    transaction.
    Specific Tax
    Fixed amount for each unit
    Things to
    consider
    • Price Ceiling
    • Prices will not increase above
    it.
    • Price floor
    • Price will not decrease from
    this point.

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