Frank, I Know You'll Want to Lend Me the Down

question 252

Multiple Choice

Frank, I know you'll want to lend me the down payment money for my new house. After all, you wouldn't want the IRS to find out that you failed to report a hundred thousand dollars of income on your last tax return.

• A) Missing the point.
• B) Appeal to force.
• C) Appeal to pity.
• D) No fallacy.
• E) Argument against the person, circumstantial.

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Definitions:

Deferred Payment

An arrangement that allows payment to be made at a later date, often used in installment purchases or loans.

Group-Term Life Insurance

A type of life insurance where coverage is provided to a group of people by an employer or association, often at a lower cost than individual policies.

Taxable

Refers to income or transactions that are subject to tax by federal, state, or local taxing authorities.

Premiums

Payments made periodically to an insurance company by policyholders for coverage or to maintain a policy.