Which of the Following Expenses on a Home Is Not

question 58

Multiple Choice

Which of the following expenses on a home is not tax deductible annually?

• A)Interest paid on a first mortgage
• B)Property taxes
• C)Homeowners insurance premium
• D)Interest paid on a second mortgage

---

Definitions:

Economic Responsibility

involves a business's commitment to make decisions that positively impact both its bottom line and the economy at large.

Corporate Behaviour

The actions and policies of a company as a collective entity, reflecting its values, ethics, and objectives.

Goods And Services

The items (goods) and activities (services) that are produced or provided to fulfill the needs or wants of consumers.

Socio-Economic

Relating to or concerned with the interaction of social and economic factors.