1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vichka [17]
3 years ago
5

Which investment option is eligible for tax deductions for calculating the net taxable income? A. lottery winnings B. alimony re

ceived C. mortgage interest payments D. interest on retirement plans E. income from dividends Reset Next
History
2 answers:
Xelga [282]3 years ago
5 0

The correct answer would be:

D.) Interest on retirement plans.

Anastaziya [24]3 years ago
3 0

The correct answer is C) mortgage interest payments.

<em>The investment option that is eligible for tax deductions for calculating the net taxable income is mortgage interest payments.</em>

The taxable income is used to calculate how much tax you need to pay regarding your income in a year. You need to pay your taxes for wage, investments, and salaries.

The government of the United States through the IRS office allow citizens to claim an itemized deduction such as interest paid on mortgages. This mortgage is the loan that helps people to buy a house. By its nature and purpose is a long-term loan. So the investment option that is eligible for tax deductions for calculating the net taxable income is mortgage interest payments.

You might be interested in
What is ironic about the following passage from narrative of the life of fredrick Douglass in 1832
WINSTONCH [101]

Answer: His master is crueler after finding religion than he was before.

Explanation:

Douglas considered his master as a cruel man. His master once went out for a christian camp meeting and in the course of the meeting, he surrendered his life to Christ. Due to this, Douglass hoped that this religious transformation would result in his master being less cruel toward his slaves, and this didn't turn out to be the case, rather the master became more cruel.

This is an irony, because Douglass experienced the opposite of his expectation. An irony is the expression of one's meaning by the use of language which normally signifies the opposite, usually for emphatic or humorous effect.

7 0
3 years ago
What was reflected in both the Aztec and Spanish calendars? . . A. Names for months . . B. Religious traditions . . C. Cycles of
Helga [31]
If I remember it correctly the right answer is B. Religious traditions .
6 0
3 years ago
Read 2 more answers
Why does krakauer want to go to the bus?
gregori [183]
Krakauer<span> is hoping to find clues that will help explain why Chris stayed on the </span>bus<span> rather than finding a way to save himself.</span>
6 0
3 years ago
The Supreme Court and Civil Rights
photoshop1234 [79]
Plessy v. Ferguson, the separate but equal law which segregated schools under the idea of separate but equal but of course wasn’t equal. P v. F was the case btw.


7 0
3 years ago
What explains why the colony of Jamestown was founded
tester [92]
Puritans moved to the New World, and that's why it was founded.

-- CocoaBeanz got your back :)
7 0
3 years ago
Other questions:
  • How might our world be different today had Constantine never existed?
    11·2 answers
  • Which emperor built the new capital for the eastern half of the empire and renamed it Constantinople
    6·1 answer
  • What brought about the downfall of the Sumerians
    8·1 answer
  • The first published book of poetry was written by which puritan author?
    7·2 answers
  • What amendment to the constitution limited the president’s term to two?
    15·1 answer
  • What is one way government changed in Athens during the Golden Age?
    8·2 answers
  • What are 3 affects the Boston Tea Party had on American Colonies?
    7·2 answers
  • Plato’s Republic
    15·2 answers
  • ¿Cómo afectó el surgimiento del Islam a Europa Occidental durante este período?
    6·1 answer
  • Imagine that you were President Ford when he was trying to decide whether to pardon Nixon. Use the table below to list the pros
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!