Choose the Word or Phrase in [ ] Which Will

question 68

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.
-Paying mortgage points to get a lower rate of interest makes more sense if you expect to live in a home for a [longer | shorter] period of time.

---

Definitions:

Net Income

The net income of a business, which remains after deducting all costs, taxes, and expenses from the gross revenue.

Deferred Tax Asset Account

An account on the balance sheet representing taxes paid or carried forward but not yet realized, which can be used to offset future tax liabilities.

Earnings Quality

An assessment of the reliability and sustainability of a company's earnings, considering its ability to generate cash flow.

Effective Income Tax Rate

This rate is the average percentage that companies or individuals pay in taxes on their taxable income.