TAXES
What’s the deadline for filing your federal tax return?
April 15th
What does diversification aim to reduce?
Risk
What three numbers summarize your creditworthiness to lenders?
A credit score
When was Fairfield University founded?
1942
Which board member is a Yankees fan?
Marina
If you expect a large refund every year, what does that suggest about your paycheck withholding?
Too much is being withheld
Which is typically less risky: a government bond or a stock?
A government bond
Which type of debt generally has the highest interest rate: credit cards, mortgages, or Student loans?
Credit Card
Who is the Fairfield mascot?
Lucas the stag
Which board member is hosting Stags in Business Tonight?
Giana
If you are self-employed, what additional tax are you responsible for?
Self-employment tax (Social Security + Medicare)
What’s the main difference between a Roth IRA and a Traditional IRA?
Roth IRA: taxed upfront, withdrawals tax-free. Traditional IRA: tax-deferred, withdrawals taxed.
What is the primary purpose of a credit report?
To show lenders your borrowing and repayment history
What was the acceptance rate for the class of 2029?
25%
Which board member is from Cape Cod?
Maddy
Which filing status generally provides the lowest tax rates?
Married filling jointly
What’s the “rule of 72” used for?
Estimating how long it takes for an investment to double at a given annual return (72 ÷ interest rate)
What is the recommended maximum credit utilization ratio?
30% or less
PFC!
Who started investing in the stock market at age 12?
Charlie
What is the child tax credit amount per qualifying child in 2025?
Up to $2000
Why do investors use index funds for retirement accounts?
They provide broad diversification, low cost, and steady long-term growth.
How long can bankruptcy remain on a credit report?
Up to 10 Years
Which accounting professor looks like Dan Hurley (Uconn MBB Coach)?
Scott Brenner
Which board member went to a private highschool?
Spencer