You receive a tax refund from the IRS if your tax liability is less than the tax you paid for a fiscal year. This means that the tax you owe is less than what you paid for your taxes. Another circumstance is when you are entitled to tax credits.
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Answer:
A. Revenue is the total amount producers receive after selling a good. Profit is the total amount producers earn after subtracting the production costs.
Explanation:
Revenue alludes to the measure of cash your business is accepting as installments from your clients previously any expenses or costs are deducted. It is appeared at the best thing of the pay explanation from which all charges, costs, costs are deducted to get the benefit of the association. Profit is the surplus staying after all out expenses are deducted from absolute income.
Explanation:
The per capita income can not reflect the true state of economic development because if the income of a particular group have increased or have become rich and the income of other groups remain the same, it will reflect an increase in the per capita income.
