Under the 1986 tax law, interest payments on a refinanced

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Under the 1986 tax law, interest payments on a refinanced [#permalink]

16 Jan 2005, 18:51

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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

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16 Jan 2005, 21:10

Ans Has to be between A/E. Though I don't have a very STRONG reason to Eliminate E but I will go with A.

Somehow "any additional payment borrowed " dosen't sound good to me. I think it's Unidiomatic.

So A for me.

Saurabh Malpani

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16 Jan 2005, 21:42

gayathri wrote:

Saurabh, what's wrong with D?

any additional payment of medical or educational expenses that were borrowed against the home

1st---> Subject Verb Aggrement. Because Though ANY can be Singular/Plural but PAYMENT is UNCOUNTABLE NOUN so ANY will go with SINGULAR.

2nd-->any additional payment of medical or educational expenses that were borrowed against the home

Sentence Sounds Awkward to me it would have been better if it were phrased as " any additional payment of medical or educational expenses borrowed against the home

Well thats my reasoning. May be wrong/right...?.Well but Hope to learn something wether I am wrong or right :-D

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Saurabh Malpani
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16 Jan 2005, 21:46

Saurabh, looks like you got it right!

OA is A

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17 Jan 2005, 01:26

Gayathri,

We dont borrow payments, we make payments. Thats why D is wrong . E has the same mistake. as for B and C , i dont think "borrowing" even fits into the sentence.

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17 Jan 2005, 06:19

Thanks for the explanation Praet! It makes sense now.

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17 Jan 2005, 06:48

I was between A and E. Thank you Praet for your insight !

[#permalink] 17 Jan 2005, 06:48

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Under the 1986 tax law, interest payments on a refinanced

Under the 1986 tax law, interest payments on a refinanced

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