Under which circumstance might you receive a tax refund from the irs? awhen your total of previous payments and applicable credits is more than the tax you owe. bnone of the above. cwhen your total of previous payments and applicable credits is equal to the tax you owe. dwhen your total of previous payments and applicable credits is less than the tax you owe.

The correct answer is alternative A) "When your total of previous payments and applicable credits is more than the tax you owe."

In simple words, Taxpayers get Tax Refund (Part of the tax money they paid back) on their income tax when the sum of the total of taxes withheld by the IRS is greater than the total of tax they owe. That's exactly the situation described on alternative A.

The correct option is (A). The taxpayer is eligible for the tax refund when the total of previous payments and applicable credits is more than the tax you own.

Further Explanation:

Tax refund:

The tax refund refers to the amount received or receivable from the government when the taxpayer overpays the income tax. When the taxpayer pays more tax than his/her actual tax liability, then he/she is eligible for the tax refund from the government.

Justification for the correct and incorrect options:

A.

When your total of previous payments and applicable credits is more than the tax you own: This is the correct option because the taxpayer has more credit than he owns and eligible for the tax refund.

B.

None of the above: This is an incorrect option because the correct option is (A).

C.

When your total of previous payments and applicable credits is equal to the tax you owe: This is an incorrect option. The taxpayer will be liable for no tax refund when his credits equal his tax liability.

D.

When your total of previous payments and applicable credits is less than the tax you owe: This is an incorrect option because the taxpayer will be liable for more tax when the tax liability is higher than the credits.

Thus, the correct option is (A).

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Answer details:

Grade: Middle school

Subject: Taxation

Chapter: Income tax

Keywords: circumstance, receive, tax refund, IRS, When, previous, payments, applicable, credits, more, than, the tax owed, none, above, when, total, previous, payments, applicable, credits, equal, tax, total.

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