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chomtong chomtong
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6 years ago
You own a house in Malibu, CA.  During the recent downturn in the house values in the area your house's value declined by $100,000.  If you do not sell your home during this period, your economic income ________ and your taxable income ________.
A) fell; fell
B) fell; was unchanged
C) was unchanged; fell
D) was unchanged; was unchanged
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Akshtsaklani21Akshtsaklani21
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6 years ago
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