Investments
What are stocks?
An ownership over a piece of publicly traded company.
What is compound interest?
Interest received based on prior interest saved; interest on top of interest
What are the the purposes of taxes?
It pays for government services and promotes the well being of society.
What happens if you pay less or more in taxes?
Less: You must pay the differences, or else you get jail time
More: You get a refund
What are the bugs with 17 (or 13) year cycles?
Cicadas
How do you make money in the market?
Buy low, sell high
What can only be offered by employers, but not all do?
A 401k and pension
What are the two types of taxes?
Regressive taxes and Progressive taxes.
How many tax brackets are there?
7
What colors are used in printers?
Cyan, magenta, yellow, and black
What is bulls and bears?
Bulls: Economy is great, stock is rising
Bear: Economy is bad, a recession is looming
What programs can you do on your own?
Traditional and Roth IRA
What is the difference between the two taxes?
Regressive: taxes are applied across the board.
Progressive: taxes change based on the person's income.
What is the most risky type of investment?
Cryptocurrency
What part of a pig is bacon?
The belly
What are the main two exchanges?
New York Stock Exchange, NASDAQ
What is the difference between Traditional and Roth IRA?
Traditional: Offers tax benefits when you deposit money / doesn't offer tax benefits when withdrawing during retirement.
Roth: No tax benefits when investing money. Investments are shielded from taxes when withdrawing during retirement.
What are the two types of incomes and their differences?
Gross income: How much you earn
Net income: How much you keep.
What are the ways people do taxes?
Turbotax, or paying others to do it for them (the latter being common with business owners).
What is the best color?
Blue
What are the main 7 investments?
Cryptocurrency, Mutual funds, CDs, Collectibles, Real Estate, Bonds, Index funds
What is government required to be pulled from your paycheck? Why do we need it?
Social Security, offered in monthly checks, helps with payments after retirement.
Who collects taxes and when are they due?
The IRS collects the taxes by April 15th.
What happens when going up a tax bracket?
You don't get penalized, rather, the extra money is only what gets taxed by the next bracket percentage.
How many eyes do box jellyfish have?
24