Most homeowners would agree that the most important financial benefit from owning their own home is the tax break. This is known as a tax shelter and allows for homeowners to avoid or lower their taxes. Owning a home reduces your taxable income and in large part due to interest rates and interest paid on an owned home.
If for the last several years, a country has been moving from a communist system to a more mixed economic system. what would most likely occur in that country is: <u>An increase in choice among competing goods</u>
<h3>What is communist system?</h3>
Communist system can be defined as the system of government in which the public tend to own the factors of production.
If a country has been moving from a communist system to a more mixed economic system. what would most likely occur in that country include the following:
- An increase in choice among competing goods
- Private ownership of business
- More incentives for workers so as to enable them work harder.
Therefore what would most likely occur in that country is: An increase in choice among competing goods.
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Answer:
A. Lower prices can benefit the general economy.
Answer:
B. market maven
Explanation:
A market maven is a market participant that possess a lot of information about the market.
As a result, their opinions are trusted concerning market events.
Rayna is a market maven.
A market leader is a company or product that has the biggest market share in its industry.
An Opinion leader is an influential member of a community that gives opinions or advise to others.
An influencer is a person with the power to affect the purchasing decisions of others.
Answer:
$760
Explanation:
Clyde
Interest is been deducted proportionately and the interest of 4 months of this year will be deductible – ($480/12) × 4 months
= $160
12-month rule also applies to insurance and t the full amount of insurance is as well deductible.
Hence:
Maximum deduction
= $160 interest + $600 insurance
= $760
Therefore the maximum amount Clyde can deduct this year is $760