Oregon Tax Consultants Practice Exam

Which of the following costs is NOT included in the Cost of Keeping up a Home?

1. Utilities

2. Repairs

3. Medical treatment

4. Mortgage Interest

The correct answer is: Medical treatment

The costs associated with maintaining a home typically encompass various expenses necessary for the upkeep and functionality of the property. Utilities encompass essential services such as electricity, water, and gas, which are vital for the home's operation. Repairs are expenses incurred to maintain or restore the home’s condition, ensuring that it remains functional and safe. Mortgage interest, while a financial cost related to the ownership of a home, is also included as it relates to the ongoing expenses tied to maintaining the mortgage. Medical treatment, on the other hand, pertains primarily to healthcare and is not directly associated with the physical upkeep of the home. It does not relate to property ownership or maintenance but rather to the personal health expenses of individuals residing in the home. Therefore, this cost does not fit within the context of the typical expenses that fall under the category of keeping up a home.