Choose the Word or Phrase in [ ] Which Will

question 84

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-As a homeowner,you can deduct the mortgage interest and [property taxes | property insurance] if you itemize on your federal taxes.

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Definitions:

Direct Liability

Direct liability is the legal responsibility that arises from one's own actions or omissions, directly causing harm or loss to another party.

Tortious Conduct

Actions by one party that cause harm or loss to another, which can be grounds for a civil lawsuit under tort law.

Independent Contractors

Individuals or companies contracted to perform tasks or services for another entity under terms specified in a contract, not classified as employees.

Employees

Individuals who are hired to perform services for a company or another person in exchange for compensation, typically operating under a contract of employment.