For which of the following types of credit plans is the interest tax deductible?
A) a home equity loan
B) an auto loan
C) a credit card
D) a life insurance policy cash value loan
E) a person cash loan from a credit union
Answer: A) a home equity loan
Business
You might also like to view...
Risk assumption occurs when you believe the cost of the loss you might incur is less than the
cost of risk avoidance or risk transfer. Indicate whether the statement is true or false
Business
A job specification is a written statement of what a jobholder does
Indicate whether the statement is true or false.
Business