IRS
Taxes
Credit/Debit
Investments
Fraud
100
IRS stands for
What is Internal Revenue Service?
100
A tax collected from one's income
What is an income tax?
100
When you make large purchases or shopping online.
When is it better to use credit cards over debit?
100
Year the market that most recently crashed.
What is 2008?
100
What is a fraud?
(noun) Something along the lines of... intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right. Synonym: cheating, trickery, deceit.
200
Agency that the IRS is part of
What is the Department of the Treasury?
200
A tax on commodities (non-necessities) when they are sold to their final consume
What is sales tax?
200
An online payment services that allows consumers to transfer money electronically.
What is PayPal?
200
What is investing? Brief summary
What is letting others use your money to make more money?
200
What is embezzlement? This is a type of fraud.
Also known as “employee theft” is the act of wrongfully appropriating funds that have been entrusted into your care but which are owned by someone else.
300
Main goals of the IRS
What is collect taxes, provide tax returns, and investigate tax fraud?
300
A tax imposed on employers based on total payroll
What is payroll tax?
300
What document can you use to find out your credit score?
What is a credit card statement?
300
Partial cause of the great depression in 1929.
What is the market crashed?
300
What is 60 days
Someone notices that there are charges on their card that are fraudulent. How many days does she have to dispute the charges?
400
Year was the IRS formed
What is 1862?
400
Someone who helps people pay their taxes
What is an accountant?
400
If you pay your bill after the due date, it is charged this additional fee.
What is late payment fee?
400
Name one investment app
Acorns, Stock Market Simulator, SigFig, Motif Explorer, Yahoo! Finance, TD Ameritrade, Fidelity Investments, CNBC, Benzinga, Bloomberg, etc.
400
Name one way to commit a fraud?
Ex. Filling a return with missing or incorrect information, Incorrectly claiming the earned income tax credit, Claiming Wrong Deductions, Failing to Report Income, etc.
500
Famous mob boss caught by IRS
Who is Al Capone?
500
When is Tax day
What is April 15th 2018?
500
What is the difference between credit and debit card usage?
Credit bill you later whereas debit draws directly from your checking account.
500
What does it mean when the Market is Saturated?
Never invest in a saturated market. A point at which a market is no longer generating new demand for a firm’s products, due to competition, decreased need, and other factors.
500
Ponzi Scheme is named after who?
Charles Ponzi, who tricked investors in the 1920s with a postage stamp speculation scheme.
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