Which of the Following Is Not a Tax Incentive for Individuals

question 51

Multiple Choice

Which of the following is not a tax incentive for individuals to purchase a home instead of renting?

• A)Real property taxes on the home are deductible.
• B)Premiums paid on homeowner's insurance are deductible.
• C)Interest paid on a home mortgage is deductible.
• D)All of the above are tax incentives.

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Definitions:

Self-Serving Bias

A common cognitive bias that causes individuals to attribute their successes to internal factors and their failures to external ones.

Dispositional Causes

Internal factors, such as personality traits or attitudes, that influence an individual's behavior.

Ego Strength

Refers to the ability of the ego to effectively deal with the demands of reality, control impulses, and handle stress.

Fundamental Attribution Error

The tendency for observers to overemphasize personality traits and underestimate situational factors when explaining others' behaviors.