7
QuizMultiple Choice

Careers, Salaries, and Lifetime Income

Question 7 • (Pizzella)WCA 6180 Personal Finance 1 - Part 1

Which of these can be listed as benefits of filing your tax return online?I. Allows you to claim a larger number of deductionsII. Allows for faster receipt of any refunds dueIII. Allows for greater accuracy when filing

Answer
A
I and II
B
III only
C
II and III
D
I, II, and III

Explanation

Filing online can speed up refunds because electronic returns are generally processed faster than paper returns. Tax software can also check entries and calculations, which can improve accuracy. Filing online does not by itself let you claim more deductions; deductions depend on your eligibility and tax situation. Therefore, the correct choice is II and III.

AI-written and checked against the verified answer.

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