Employees who deliberately have excess income tax withheld from their salaries in order to receive a tax refund are making an interest-free loan of the excess withholding to the government.

Question

Quizplus · Accepted Answer

When employees have excess income tax withheld, they are essentially giving the government an interest-free loan because they are allowing the government to hold onto their money until they receive a refund.

Employees Who Deliberately Have Excess Income Tax Withheld from Their