Question

During the current year, Robert pays the following amounts associated with his own residence:

Property taxes $3,000
Mortgage interest 8,000
Repairs 1,200
Utilities 2,700
Replacement of roof 4,000

In addition, Robert paid $1,500 of property taxes on the home that is owned and used by Anne, his daughter. Classify the following expenses for Robert as "Deductible" or "Nondeductible".

(a) Property taxes - Robert Deductible
(b) Property taxes - Anne Nondeductible
(c) Mortgage interest - Deductible
(d) Repairs Nondeductible
(e) Utilities Nondeductible

Answer 1

Answer:Deductibles. Non Deductibles.

Property tax 4500 Repairs 1200

Mortgage Int 8000. Utilities 2700

Explanation:Deductibles are statutory bills and must at all cost be paid while Non Deductibles are self servicing bills and are not compulsory bills.You can choose not to repair your gadget's or automobile but you cannot ignore forfeit paying your taxes and government bills.