Which One of the Following Housing Related Expenditures Is Not

question 43

Multiple Choice

Which one of the following housing related expenditures is not an itemized deduction?

• A)Property taxes
• B)Mortgage interest payments
• C)Rental payments
• D)All of the above can be taken as itemized deductions.

---

Definitions:

Inflation

The rate at which the general level of prices for goods and services is rising, leading to a decrease in the purchasing power of money.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to gauge inflation or deflation.

Producer Price Index

An economic indicator that measures the average change over time in the selling prices received by domestic producers for their output.

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.