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:

Job Class

A category of employment that groups together jobs similar in duties, responsibilities, and requirements for the purpose of standardization and fairness in pay, benefits, and other aspects.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, transforming economies, labor practices, and societies around the world.

Motion Picture Camera

A device used in filmmaking to capture sequential images or videos that can be compiled to create motion pictures.

Competency Modeling

A process used in human resource management to identify the specific skills, knowledge, and abilities required for success in a given job or role.