Because Scott Is Three Months Delinquent on the Mortgage Payments

question 132

Multiple Choice

Because Scott is three months delinquent on the mortgage payments for his personal residence, Jeanette (his sister) is going to cover the arrearage. Based on past experience, she does not expect to be repaid by Scott. Which of the following statements is correct?

• A) If Scott receives the money from Jeanette and pays the mortgage company, Jeanette can deduct the interest part.
• B) If Jeanette pays the mortgage company directly, neither Scott nor Jeanette can deduct the interest part.
• C) If Jeanette pays the mortgage company directly, she cannot deduct the interest part.
• D) Only b. and c. are correct.
• E) a., b., and c. are correct.

---

Definitions:

Middle Classes

A social group between the upper and working classes, characterized by moderate to high income levels, education, and professional occupations.

Constitutional Protections

Legal safeguards enshrined in a country's constitution, aimed at ensuring the rights and liberties of its citizens are protected against government infringement.

Titular Democracies

Political systems that have the formal appearance of a democracy through elections and institutions, but lack substantive democratic practices, such as respect for civil liberties and genuine political competition.

Collective Freedoms

The rights and liberties shared by a community or society as a whole, facilitating the collective pursuit of well-being and common goals.