8
QuizMultiple Choice

Paying Taxes — Quiz

Question 8 • Personal Finance

If an individual overpays taxes throughout the year, then after filing taxes he or she will receive

Answer
A
a refund.
B
additional withholdings.
C
a deduction.
D
earnings.

Explanation

When someone pays more in taxes during the year than they actually owe, the extra amount is returned after the tax return is filed. This payment is called a tax refund, so the correct choice is “a refund.”

AI-written and checked against the verified answer.

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