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When are points paid on a loan deductible as interest expense?
Formal Authority
The power given to an individual or group by a recognized entity, typically within an organizational context, to make decisions and direct others.
Rewards
Benefits or compensations provided to individuals or groups in recognition of their performance, efforts, or achievements.
Punishments
Consequences intended to reduce the likelihood of a behavior occurring again, usually seen as unpleasant or undesirable by the recipient.
Expertise
Specialized knowledge or skill in a particular area, acquired through training, study, or experience.
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