Most Homeowners Get Financial Benefit from Owning a Home as It

question 61

Multiple Choice

Most homeowners get financial benefit from owning a home as it results in:

• A)the creation of a recession proof liability.
• B)saving tax liability by tax evasion.
• C)tax savings due to tax shelter.
• D)reducing non-depreciating assets.
• E)adding to the hidden costs of mortgage payments.

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Definitions:

Historical Epoch

A specific period of time noted for its events, developments, or unique characteristics, within the context of history.

Rationally Addressed

Approached or dealt with through logical and well-thought-out reasoning.

Politics

The practice and theory of influencing other people on a global, national, or local level, encompassing the set of activities associated with making decisions in groups or other forms of power relations among individuals, such as the distribution of resources or status.

Accidents of Birth

Circumstances or characteristics (e.g., race, nationality, genetic traits) one is born into, over which they have no control, but which may influence their social standing and life opportunities.