A New Home Developer Who Is Including Appliances with the Sale

question 37

Multiple Choice

A new home developer who is including appliances with the sale of each house most probably would assist the buyer in obtaining a

• A) blanket mortgage.
• B) shared appreciation mortgage.
• C) equity sharing mortgage.
• D) package mortgage.

---

Definitions:

Proportional Tax

A taxation system where the tax rate remains constant regardless of the amount subject to taxation.

Tax Schedules

Detailed tables or charts provided by tax authorities that dictate the tax rate applied to different levels of taxable income or expenditure.

Economy

An area of the production, distribution, and trade of goods and services by different agents in a particular geographic region.

Ability-to-pay Taxation

A principle of taxation based on the belief that taxes should be levied according to an individual’s or entity’s capacity to pay, reflecting their income or wealth.