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Kurt is a successful ad executive for a computer company.He is 32,married,and the father of two children.When Kurt's wife is not home,he puts on her stockings,garter belt,bra,skirt,blouse,and heels.While dressing he becomes sexually excited and proceeds to masturbate.Which of the following descriptions best fits Kurt?
Deductible Interest
Interest payments on loans (such as mortgage or student loans) that can be subtracted from gross income to reduce taxable income under certain circumstances.
Home Mortgage
A loan provided by a financial institution to a borrower for the purchase of a residential property, secured by the property itself.
Tax-Exempt Securities
Investments whose interest income is not subject to federal income tax, and in some cases, state and local taxes.
Residence Acquisition Debt
Mortgage debt incurred in acquiring, constructing, or substantially improving a principal residence, which is secured by the residence.
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