1) Tax advantages created to encourage certain financial goals include:

A. mortgage interest deductions.

B. defined contribution plans.

C. education and health care savings accounts.

D. a. and b.

E. b. and c.

2) Income that is not taxed by the U.S. government and does not have to be reported as income includes all of the following EXCEPT:

A. some scholarships

B. most gifts

C. Interest from most municipal bonds

D. Most distributions from pensions

E. most inheritances

3)The U.S. government offers tax deductions for all of the following items EXCEPT:

A. charitable donations.

B. property taxes.

C. gains from the sale of assets.

D. interest on investments.

E. age, 65 or older.