Hepp Filed Her 2017 Form 1040 on February 19, 2018

question 4

Multiple Choice

Hepp filed her 2017 Form 1040 on February 19, 2018. The return showed a $2,730 overpayment of tax, and Ms. Hepp received her refund check from the IRS on April 30. Which of the following statements is true?

• A) The government will not pay Ms. Hepp any interest on her refund.
• B) The government must pay Ms. Hepp interest on her refund for the period from February 20 until April 30.
• C) The government must pay Mrs Hepp interest on her refund for the period from April 18 until April 30.
• D) The government must pay Mrs Hepp interest on her refund for the period from January 1 through April 30.

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Definitions:

Economic Issues

Problems or challenges affecting the economy of a country or region, including inflation, unemployment, recession, and policies related to government spending and taxation.

Cultural Issues

Matters and disputes that arise from differences in beliefs, values, and practices among various cultures or societies.

Agents of Socialization

Individuals, groups, and institutions that play a significant role in integrating individuals into the social structure by teaching social norms, values, and customs.

Early Socialization

The process by which individuals, especially children, learn and adopt the norms, values, behaviors, and social skills appropriate to their society from an early age.