All of the Following Statements About Fixtures Are Correct, Except

question 12

Multiple Choice

All of the following statements about fixtures are correct, except: ______.

• A) Personal property may become a fixture by annexation to the realty.
• B) Personal property may become a fixture by adaptation to the realty.
• C) Personal property may become a fixture based on the intent of the person affixing the personal property to the realty.
• D) Personal property that is readily removable from the realty is generally a fixture.

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Definitions:

Federal Income Tax

A charge imposed by the federal government of the United States on the yearly income of individuals, corporations, trusts, and various legal entities.

Withholding Allowance

Withholding Allowance refers to an exemption that reduces the amount of income tax an employer deducts from an employee's paycheck, based on their personal and dependent status.

Federal Income Tax

An annual financial obligation required by the federal government from individuals, corporations, trusts, and other lawful entities.

Gross Earnings

The total amount of income received before any deductions or taxes are subtracted.