Under the 1986 tax law, interest payments on a refinanced home loan are deductible only if the amount of the loan does not exceed the purchase price of the home, the cost of improvements, and any additional amount borrowed against the home to pay for medical or educational expenses.
(A) any additional amount borrowed against the home to pay for medical or educational expenses
(B) borrowing any additional amount against the home for payment of medical or educational expenses
(C) also borrowing any additional amount against the home to pay for medical or educational expenses
(D) any additional payment of medical or educational expenses that were borrowed against the home
(E) any additional payment borrowed against the home for medical or educational expenses
Solution (Posted on 6th):
As per the list, there are certain amounts/sums of money that may not be exceeded. B and C bring in the verb 'borrowing', breaking the list. D and E talk about the payment made towards some expenses and not a certain amount(Payments are not borrowed). As per the meaning, A fits best.
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