Personal Finance 1st Edition by Jack R. Kapoor

Exercise 8

Planning Your Tax Payment. Survey several people about whether they get a federal tax refund or owe taxes each year. Obtain information about the following: (a) Do they usually get a refund or owe taxes when they file their federal tax return? (b) Is their situation (refund or payment) planned? (c) What are the reasons they want to get a refund each year? (d) Are there situations where getting a refund may not be a wise financial decision? (Obj. 2)