If a Taxpayer Is Due a Refund, It Will Be

question 28

True/False

If a taxpayer is due a refund, it will be mailed to the taxpayer regardless of whether he or she files a tax return.

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Definitions:

Profits

Rewards earned by businesspeople who take the risks involved in blending people, technology, and information to create and market want-satisfying goods and services.

Future Periods

Time frames that lay ahead, in which planning, forecasting, and predictions are aimed towards.

Financial Managers

Executives who develop and implement the firm’s financial plan and determine the most appropriate sources and uses of funds.

Financial Plan

A comprehensive evaluation of an individual's or organization's current and future financial state by using currently known variables to predict future income, asset values, and withdrawal plans.