Give the major financial advantages of home ownership
What will be an ideal response?
Answer: Owning a home is one of the only true tax shelters left today. You can deduct the mortgage interest, property taxes, and home equity loan interest (in most cases). You may find the monthly mortgage payment actually less than a monthly rental, thus improving your cash flow. For most people, the home is the single largest investment they will make. By following the smart buying principles most homes will appreciate in value while at the same time the mortgage is being reduced leaving a sizeable amount of equity over time. Many people enjoy the independence and pride of ownership in their own home. Remodeling and landscaping decisions, for the most part, are up to the owner's discretion and imagination.
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Any person can be an agent, regardless of whether he or she has the capacity to contract.
Answer the following statement true (T) or false (F)
Canniff Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost formula for plane operating costs is $56,560 per month plus $2,618 per flight plus $5 per passenger. The company expected its activity in February to be 63 flights and 254 passengers, but the actual activity was 62 flights and 255 passengers. The actual cost for plane operating costs in February was $218,820. The plane operating costs in the planning budget for February would be closest to:
A. $222,349 B. $220,151 C. $218,820 D. $222,764
The general duties clause in the ______states that each employee has a duty to comply with occupational safety standards, rules, and regulations.
A. Occupational Safety and Health Administration B. Social Security Act C. Affordable Care Act D. Workers’ Compensation Act
A(n) ________ uniquely identifies an individual's or company's website.
A. e-signature B. digital footprint C. email address D. domain name