Understanding Taxes - Tax Tutorial: Payroll Taxes and Federal Income Tax Withholding

Module 12: Refund, Amount Due and Recordkeeping

Page 7 of 9

Quick Check

"Answer the following multiple-choice questions about refunds, amounts due, and recordkeeping by clicking on the correct answers. To assess your answers, click the Check My Answers button at the bottom of the page."~ Tina the Tax Tutor

Only taxpayers who file electronically can pay an amount due by:

A. check.
B. credit card.
C. money order.
D. Electronic funds withdrawal (direct debit).
E. All of the above.

Which is not a benefit of a direct deposit of a refund?

A. There is a convenience fee for having a refund deposited directly into a bank account.
B. Refunds that are directly deposited to an account in a bank account are received faster than by mail.
C. Refunds that are directly deposited to an account in a bank account save taxpayer time by eliminating trips to financial institutions.
D. Refunds made by direct deposit cost less than issuing checks.