The federal income tax deduction for mortgage interest on an owner-occupied home is an example of a
A) tax rebate.
B) negative income tax.
C) federally guaranteed loan.
D) tax expenditure.
E) tax refund.
Answer: D
The federal income tax deduction for mortgage interest on an owner-occupied home is an example of a
A) tax rebate.
B) negative income tax.
C) federally guaranteed loan.
D) tax expenditure.
E) tax refund.
Answer: D