Examlex
A taxpayer pays points to obtain financing to purchase a personal residence.At the election of the taxpayer, the points can be deducted as interest expense for the year paid.
Underlying Values
Fundamental beliefs or ideals shared across a culture or society that influence behaviors and decision-making.
Trade Deficit
Results when a country imports more goods than it exports.
Imports
Goods or services brought into one country from another for the purpose of sale or use.
Exports
Goods, services, or technologies sent from one country to another for trade or sale.
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