alex finds that he is getting large tax refunds each year. what is the most likely reason for this? (1…
alex finds that he is getting large tax refunds each year. what is the most likely reason for this? (1 point) he deviated from his tax bracket. he is duplicating his extra income. he is investing his extra money. he has the wrong number of allowances on his worksheet.
Answer
Brief Explanations:
Tax allowances affect the amount of tax withheld from paychecks. Having too few allowances on a tax - related worksheet means more tax is withheld than necessary, resulting in large tax refunds. Deviating from a tax bracket doesn't directly cause large refunds. Duplicating extra income is illegal and not a typical reason for refunds. Investing extra money doesn't cause large tax refunds.
Answer:
He has the wrong number of allowances on his worksheet.