Which of the Following Is a Benefit of Buying a Home

question 85

Multiple Choice

Which of the following is a benefit of buying a home rather than renting?

• A) Real estate taxes and utilities will be fixed.
• B) It reduces the need to carry insurance.
• C) Paying for a home is a good way to force yourself to save.
• D) The entire purchase price of the home can be deducted from taxable income, but this deduction must be spread over at least 15 years.

---

Definitions:

Annual Financial Advantage

Annual Financial Advantage refers to the financial benefit realized on an annual basis from a particular investment or decision.

Outside Supplier

An external entity that provides goods or services to another company, not affiliated internally.

Making Part

The process or activities involved in the manufacturing or creation of parts or components that are then assembled into final products.

Idle Capacity

The unused portion of a company's production or operational capacity, which indicates that not all resources are being fully utilized.