Question

Under what circumstance might you receive a tax refund from the IRS?
A. When your total of previous payments and applicable credits is more than the tax you owe.
B. When your total of previous payments and applicable credits is less than the tax you owe.
C. When your total of previous payments and applicable credits is equal to the tax you owe.
D. None of the above.

Answer 1

a is the correct answer

Answer 2

Option A, when your total of previous payments and applicable credits is more than the tax you owe, is the right answer.  

You would earn a tax rebate from the IRS if you spent too much in taxes versus what your net pay was throughout the year. The taxes owed are less than what was given to the IRS through the year. If you earn credits for what you are able to diminish from your net salary, then you will be empowered to collect wealth back at the conclusion of the year for over recompense throughout the year.