​Which of the Following Types of Interest Are Not Likely

question 141

Multiple Choice

​Which of the following types of interest are not likely to be deductible in 2016?

• A)​Interest on personal credit cards
• B)​Interest on a $40,000 home equity line used to buy a car
• C)​Interest on a $150,000 mortgage on a principle residence
• D)​Private mortgage insurance premiums
• E)​All of the above are likely to be deductible

---

Definitions:

Query Datasheet

A datasheet resulting from a database query that displays the retrieved records in a table format.

Blank Query Wizard

A tool within database software that guides users through the process of creating a query without any initial criteria.

Access Object

Components within Microsoft Access, such as tables, queries, forms, reports, serving as building blocks for database applications.

Table

An arrangement of data made up of rows and columns, commonly used to display information systematically.