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Sharif is planning to buy a new car for personal use and will need to take out a loan.His sources of the financing include (1)a loan from the car dealership charging 6% interest, (2)a loan from his brokerage firm secured against his stock portfolio charging 6.2% and (3)a home equity bank loan secured against his home charging 7%.Sharif has AGI of $150,000 and does itemize his deductions.He is in the 28% tax bracket.Discuss how income taxes can influence his decision regarding the source of financing.
Priority
The state or quality of being earlier in time, order, or importance, often used in planning and decision-making.
Venous Stasis
A condition characterized by the pooling of blood in the veins, usually in the legs, because of poor circulation.
Thrombus
Accumulation of platelets, fibrin, clotting factors, and the cellular elements of the blood attached to the interior wall of a vein or artery, sometimes occluding the lumen of the vessel.
Leg Exercises
Physical activities or routines specifically designed to strengthen and improve the function of the leg muscles.
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