Which of the following is an
advantage of renting your home over buying?
(1 point)
You will not have to pay thousands of dollars for things such as property taxes.
You will eventually own
• something that is worth a lot of money.
You can stay in your
• home as long as you want.
Your landlord can raise your rent at the beginning of a new lease.
You will not have to pay thousands of dollars for things such as property taxes.
What is the difference between deductions and withholdings?
(1 point)
Withholding is money taken from income to pay for taxes while
• deductions is money taken from income to pay for benefits or donations.
Withholding is money taken from income to pay for benefits and
• donations while deductions is money taken from income to pay for taxes.
Withholding is the amount of money a worker earns in a given pay period and
• deductions is the amount of money a worker receives minus withholding from paycheck.
•Deduction is the amount of money a worker earns in a given pay
• period and withholdings is the amount of money a worker receives minus withholding from paycheck.
Deductions is the amount of money a worker earns in a given pay period, while withholdings is the amount of money a worker receives minus withholding from paycheck.
The advantage of renting your home over buying is that you will not have to pay thousands of dollars for things such as property taxes.
The advantage of renting your home over buying is that you will not have to pay thousands of dollars for things such as property taxes. To arrive at this answer, we need to examine the options and identify the one that supports this advantage.
The first option mentions avoiding the payment of property taxes, which is a significant expense associated with owning a home. Therefore, this option aligns with the advantage of renting.
The second option mentions eventually owning something worth a lot of money. Although this may be true for homeowners, it does not relate to the advantage of renting.
The third option mentions being able to stay in your home as long as you want, but this benefit is not exclusive to renting; homeowners can also live in their homes for as long as they desire.
The final option states that your landlord can raise your rent at the beginning of a new lease, which is actually a disadvantage of renting.
Based on this analysis, the correct answer is the first option: You will not have to pay thousands of dollars for things such as property taxes.