Which of the Following Types of Interest Is Not Deductible

question 39

Multiple Choice

Which of the following types of interest is not deductible in 2014?

• A)Qualified mortgage interest on residence
• B)Qualified mortgage interest on second residence
• C)Credit card interest
• D)All of the above
• E)None of the above

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Definitions:

Public Relations

The practice of managing and influencing perceptions of individuals or organizations to the public, often through media.

Health-Care PR

Specialized public relations practice focused on the communication needs and strategies of clients within the healthcare industry.

Average Physician

A medical professional who represents the common attributes, skills, and knowledge level found within the medical community, based on median standards.

Thorough Diagnosis

An in-depth analysis or assessment of a situation to identify problems or areas for improvement, often prior to taking action or formulating a strategy.