select the correct answer. dave is a salaried employee who works in a gas station. he only earns from his…

select the correct answer. dave is a salaried employee who works in a gas station. he only earns from his job and has no other source of income. he gets a big tax refund at the end of the year but is always struggling to cover his monthly expenses. in what way can dave address his problem? a. maintain withholding to maintain his monthly income after taxes b. increase withholding to decrease his monthly income after taxes c. reduce withholding to increase his monthly income after taxes d. reduce his expenses to increase his monthly income after taxes e. increase his sources of income to show a rise in his income after taxes

select the correct answer. dave is a salaried employee who works in a gas station. he only earns from his job and has no other source of income. he gets a big tax refund at the end of the year but is always struggling to cover his monthly expenses. in what way can dave address his problem? a. maintain withholding to maintain his monthly income after taxes b. increase withholding to decrease his monthly income after taxes c. reduce withholding to increase his monthly income after taxes d. reduce his expenses to increase his monthly income after taxes e. increase his sources of income to show a rise in his income after taxes

Answer

Brief Explanations:

Dave has a problem with covering monthly expenses despite a large - year - end tax refund. Reducing withholding would mean more money in his paycheck each month, increasing his after - tax monthly income. Maintaining or increasing withholding won't help his monthly cash - flow issue. Reducing expenses is about cost - cutting, not directly about increasing income. Increasing sources of income is a long - term solution and not directly related to the withholding issue.

Answer:

C. reduce withholding to increase his monthly income after taxes