5
AssignmentDropdown

Fiscal Policy: Taxes

Question 5 • * HSA 26-27 Economics

If a citizen pays too much in taxes throughout the year, then after filing a tax return, he or she will receive a .

Answer
A
refund
B
penalty
C
fine

Explanation

When someone pays more in taxes during the year than they owe, the extra amount is returned after they file their tax return. This payment is called a refund, so choice A is correct. A penalty or fine is a charge, not money returned to the taxpayer.

AI-written and checked against the verified answer.

Previous
Next