In Which of the Following Situations Are Points Paid on a Home

question 1773

Multiple Choice

In which of the following situations are points paid on a home mortgage loan not deductible in the year of payment?

• A) improvement
• B) refinance
• C) construction
• D) purchase

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Definitions:

Malcolm X

An African-American Muslim minister and human rights activist, a prominent figure in the civil rights movement known for advocating for the rights of black Americans and the use of self-defense in the face of racism.

Black Muslims

Members of the Nation of Islam, an African American political and religious movement, founded in Detroit, Michigan, in the 1930s.

Black Power

A movement among African Americans focusing on racial pride, economic empowerment, and the establishment of political and cultural institutions.

Stokely Carmichael

was a prominent figure in the American civil rights movement, known for his leadership in the Student Nonviolent Coordinating Committee (SNCC) and for popularizing the term "Black Power."