15
QuizMultiple Choice

Paying Taxes

Question 15 • * HSA 26-27 Economics

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

Answer
a
a deduction.
a
a refund.
a
additional withholdings.
e
earnings.

Explanation

If the amount withheld or paid during the year is more than the taxes owed, the taxpayer has paid too much. After filing a tax return, the extra amount is returned as a refund. A deduction instead reduces taxable income.

AI-written and checked against the verified answer.

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