<u>C is the correct option.
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<u>The IRS Data Retrieval Tool allows you to view and transfer your tax information directly into your FAFSA form is the correct statement about the federal application for student aid.
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Further explanation:
FAFSA:
FAFSA is a Free Application for Federal Student Aid (FAFSA) provided by the United States for federal students in order to get financial help or financial aid for the students of the college.
Justification for the correct and incorrect answer:
A. You can only apply online: This option is incorrect.
FAFSA can also be applied offline, for those students who prefer to fill the paper form.
B. The earliest you can submit your FAFSA application is December 1st: This option is incorrect.
The earliest submission of the FAFSA application is from October 1 and the deadline would be till June 30.
C. TheIRS Data Retrieval Tool allows you to view and transfer your tax information directly into your FAFSA form: This option is correct.
The internal revenue service data retrieval tool (IRS DRT) allows viewing and transferring the tax information directly into the FAFSA form, as it allows the parents and the students who have filed US tax return to fill their FAFSA form easily by accessing the data to complete the FAFSA application.
D. Both A& B are true: This option is incorrect.
Since the option A and option B are incorrect, so this option will also be incorrect.
<u>Thus, the federal application for student aid provides the IRS data retrieval tool allows to view and transfer the tax information directly into the FAFSA form easily.
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Answer details:
Grade: High School
Subject: Business
Chapter: FAFSA
