Which of the Following Is Not a Tax Incentive for Individuals

question 51

Multiple Choice

Which of the following is not a tax incentive for individuals to purchase a home instead of renting?

• A)Real property taxes on the home are deductible.
• B)Premiums paid on homeowner's insurance are deductible.
• C)Interest paid on a home mortgage is deductible.
• D)All of the above are tax incentives.

---

Definitions:

Death

The cessation of all biological functions that sustain a living organism, marking the end of life.

Prospect

The anticipation or expectation of future events or advancements.

Cognitive Development

The process of growth and change in intellectual/mental abilities such as thinking, reasoning, and understanding over the course of a lifespan.

Forties

A term often referring to the decade of a person's life from age 40 to 49, or to the 1940s era in a century.