Aaron and Katie Are Building a House

question 84

Multiple Choice

Aaron and Katie are building a house. They want to make sure they have a good relationship with the neighbours and do not want to impose any negative externalities on them. Which of the following are measures to avoid negative externalities on Aaron and Katie's neighbours?
(i) making sure their windows do not look into the neighbours' yarD.
(ii) carefully insulating their house so that sound doesn't carry when they play loud musiC.
(iii) building an environmentally friendly house.

• A) (i), (ii) and (iii)
• B) only (i) and (iii)
• C) only (ii) and (iii)
• D) only (i) and (ii)

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Definitions:

Medical Expense Deduction

A tax deduction allowed for unreimbursed medical and dental expenses exceeding a certain percentage of AGI.

Adjusted Gross Income

A measure of income calculated from your gross income and allows specific deductions, impacting tax liability.

Medical Care Insurance Premiums

The costs paid for insurance policies that cover medical and surgical expenses; these premiums are often deductible on individual tax returns if certain criteria are met.

Medical Expenses

Costs related to healthcare, including treatments, surgeries, and preventive services, which may be deductible under certain tax conditions.