Which of the following statements is false?
A) Self-employed individuals can delay paying taxes until the end of the tax year.
B) You can reduce withholding of federal income taxes by refilling a W-4 with your employer.
C) You can receive a tax refund if you have excess amounts withheld for federal taxes.
D) Having an excessive amount withheld for federal taxes represents poor financial planning.
Correct Answer:
Verified
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