Which of the Following Would NOT Be Classified Under Insurance

question 59

Multiple Choice

Which of the following would NOT be classified under insurance and loan fraud?

• A) enrolling in distance education and online courses using fake identities
• B) creating multiple accounts with a bank to commit-tax related fraud
• C) dropping out of community colleges upon receiving government loans for education
• D) obtaining free medical care by procuring a victim's personal information

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Definitions:

Itemized Deductions

Eligible expenses that individuals can claim on their tax returns to reduce their taxable income, such as mortgage interest, medical expenses, and charitable donations.

High-Income Individuals

Persons with income levels significantly above the average, often subject to higher tax rates and financial strategies.

Schedule A

A form used in the U.S. to itemize deductions for taxes, including medical expenses, state and local taxes, and charitable contributions.

Personal Property Taxes

Taxes levied by local governments on the value of personal property such as vehicles, boats, and equipment.