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

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Director
Joined: 07 Nov 2004
Posts: 683
Under the 1986 tax law, interest payments on a refinanced [#permalink]

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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
Senior Manager
Joined: 19 Sep 2004
Posts: 367

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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
Senior Manager
Joined: 19 Sep 2004
Posts: 367

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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 .

Saurabh Malpani
[/u]
Director
Joined: 07 Nov 2004
Posts: 683

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16 Jan 2005, 21:46
Saurabh, looks like you got it right!

OA is A
CEO
Joined: 15 Aug 2003
Posts: 3454

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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.

Praetorian
Director
Joined: 07 Nov 2004
Posts: 683

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17 Jan 2005, 06:19
Thanks for the explanation Praet! It makes sense now.
Director
Joined: 31 Aug 2004
Posts: 606

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17 Jan 2005, 06:48
I was between A and E. Thank you Praet for your insight !
17 Jan 2005, 06:48
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