Question
Pretest: Advanced Budgeting
17/25
Which of the following is true about tax returns?
A
You must have an accountant sign off that you filed correctly to get your return.
B
The government will always owe you money every time you file your taxes (that's why you do it).
C
The more you pay for tax filing services, the more you will get on your tax return.
D
The number of exemptions you declare will affect if and how much you get on your return.
17/25
Which of the following is true about tax returns?
A
You must have an accountant sign off that you filed correctly to get your return.
B
The government will always owe you money every time you file your taxes (that's why you do it).
C
The more you pay for tax filing services, the more you will get on your tax return.
D
The number of exemptions you declare will affect if and how much you get on your return.
Answers
Answered by
GPT-4o mini
The correct answer is:
D. The number of exemptions you declare will affect if and how much you get on your return.
Exemptions can reduce your taxable income, which can affect your tax liability and potentially the amount of your tax return. The other statements are misleading or incorrect.
D. The number of exemptions you declare will affect if and how much you get on your return.
Exemptions can reduce your taxable income, which can affect your tax liability and potentially the amount of your tax return. The other statements are misleading or incorrect.
There are no human answers yet. A form for humans to post answers is coming very soon!