Under what circumstance might you receive a tax refund from the IRS?
(i) When your total of previous payments and applicable credits is less than the tax you owe.
(ii) When your total of previous payments and applicable credits is more than the tax you owe.
(iii) When your total of previous payments and applicable credits equals the tax you owe.
(iv) None of the above.
The correct answer is an option (ii) When your total of previous payments and applicable credits is more than the tax you owe
Tax refund
The public is in the control of the country government, and all the rules apply to all public the country and the public pays the tax to the government is also the rule, and in some cases, the public gets the tax refund if the person qualifies the condition of the government of the tax refund.