Mathematics

Braydon Snyder

8 September, 14:52

Here's a quick look at some pros and cons of having Uncle Sam hold onto your money for months and then getting it back in a lump sum when the Internal Revenue Service gets around to it. A tax refund is a bad idea because: You've given Uncle Sam an interest-free loan of your money for a full year.

a.

$50,193

b.

$41,843

c.

$48,403

d.

$52,793