Answer:
The correct answer is letter "A": Taxable income.
Explanation:
In case a taxpayer receives a tax refund for the tax return of the previous period, next year, that tax refund will be considered a taxable income for the current period. For instance, if in 2020 a taxpayer receives a tax refund of $1,000 for the tax return of 2019, that amount will be considered a taxable income for 2020.
