The Real Property Taxes on R's House Are Computed on a Calendar

question 6

Multiple Choice

The real property taxes on R's house are computed on a calendar year basis and are due November 1st of each year.The realty taxes on R's house were $2,400 for 2012.R sold his house on June 1, 2012, before the property tax payment was due.How much of these real property taxes are apportioned to and deductible by R as an itemized deduction on R's 2012 Federal income tax return?

• A)$0
• B)$993
• C)$1,407
• D)$1,999
• E)$2,400

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Definitions:

Discriminant Validity

The measure of how much a test does not relate to variables or measures it should not be associated with.

Correlation Coefficient

The relationship between two sets of scores. Correlation coefficients range from +1 to -1 and generally are reported in decimals of one-hundredths. A positive correlation shows a tendency for scores to be related in the same direction, while a negative correlation indicates an inverse relationship.

Verbal Reasoning

The ability to understand and reason using concepts framed in words, often assessed through standardized tests.

Problem Solving

The process of identifying solutions to specific issues by employing logical and creative thinking strategies.