Which of the Following Is/are Correct Concerning a Principal Residence

question 34

Multiple Choice

Which of the following is/are correct concerning a principal residence?
I.A principal residence can be a house, condominium, mobile home, or houseboat.
II.A taxpayer can have more than one principal residence at a time.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Free Capital Mobility

The unrestricted movement of financial capital and investment across borders, allowing for the global allocation of resources and investments.

Labor Mobility

The ease with which workers can move between jobs or geographic areas to pursue employment opportunities.

Corporate Codes

Guidelines and policies created by companies to define professional conduct, ethics, and responsibilities within the organization.

Fair Treatment

The equitable and just handling of all individuals within various contexts, especially in terms of employment and law.