Question

if the value of ones house increases, all the following will most likely rise except:

a. house insurance

b. escrow payment

c. mortgage principal

d. property tax

federal income tax brackets can be impacted by which of the following?

a. voter registration of taxpayer

b. criminal history of taxpayer

c. marriage status of taxpayer

d. voter in which taxpayer resides

Explanation:

First Question (If the value of one's house increases...):

• House insurance: Usually based on property value, so it rises with house value.
• Escrow payment: Often includes property taxes and insurance, so it rises with house value.
• Mortgage principal: The amount borrowed (principal) is fixed at loan origination; house value increase doesn’t change the principal.
• Property tax: Based on assessed property value, so it rises with house value.

• Voter registration: Has no bearing on tax brackets.
• Criminal history: Not a factor in determining tax brackets.
• Marriage status: Filing status (e.g., single, married filing jointly) affects tax brackets.
• Voter registration, criminal history, and “Vaguer in which taxpayer resides” (likely a typo, but residence location alone doesn’t impact federal tax brackets directly; marriage status does).

Answer:

c. Mortgage principal

Second Question (Federal income tax brackets can be impacted by...):