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Under the 1986 tax law, interest payments on a refinanced

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Senior Manager
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Joined: 05 Jun 2008
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Under the 1986 tax law, interest payments on a refinanced [#permalink]

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New post 30 Dec 2008, 08:00
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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

Kudos [?]: 172 [0], given: 0

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Posts: 2473

Kudos [?]: 835 [0], given: 19

Re: SC-interest payments [#permalink]

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New post 30 Dec 2008, 11:03
vivektripathi wrote:
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


A. parallel and logical comparision "any additional amount" as well.
B/C are easily cancelled.
D has illogical comparision "any additional payment". It is also in passive.
It is illogical to say, in E, "any additional payment borrowed against.....".

A should be it.
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Kudos [?]: 835 [0], given: 19

Senior Manager
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Joined: 08 Nov 2008
Posts: 298

Kudos [?]: 243 [0], given: 7

Re: SC-interest payments [#permalink]

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New post 30 Dec 2008, 22:11
IMO- A ..
Post subject: Re: SC-interest payments

vivektripathi wrote:
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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Kudos [?]: 243 [0], given: 7

Re: SC-interest payments   [#permalink] 30 Dec 2008, 22:11
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Under the 1986 tax law, interest payments on a refinanced

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