Taxes
When is the deadline for filing taxes in the US (referred to as "Tax Day")?
April 15
What is the name of the Chase credit card with a $0 annual fee and rewards including cash back for travel, dining and Lyft?
Chase Freedom Unlimited
This retirement fund was started during the FDR Administration and may run out of money in the near future.
Social Security
What is meant by "buy low, sell high"?
Buying a stock at a lower price and selling the same stock at a higher price in order to make a profit.
How do pyramid schemes make money?
Not by selling their product, but recruiting new members and forcing their recruits to pay a fee.
What is the tax form called that employees fill out to report their annual income?
1040
This credit card gets you discounts with Whole Foods and the annual fee is a membership that enables quick shipping.
Amazon Prime (Rewards Signature Visa Card)
This employee-sponsored retirement fund is tax free and you can withdraw money without penalty at the age of 59 1/2.
401(k)
What is the formal title of someone who buys and sells stocks for a company?
Stock Broker
What is the name of the scam when you are sent fake emails to try and get you to share personal information or give money?
Phishing
When paying taxes, which form does your boss fill out and give you which is a report of your wages?
W-2
What is interest on credit cards referred to?
APR (Annual Percentage Rate)
This retirement fund is generally a combination of stocks, bonds and frequently (but not always) monitored by a wealth-management team.
Mutual Fund
The S&P 500, a stock market index which tracks 500 of the most successful US companies, is considered a safe investment due to steady annual growth.
Which company below is NOT in the S&P 500?
A) Nvidia; B) Honda; C) Tesla; D) Google
B) Honda
What is a grace period in relation to a student loan?
Six months after graduating when students do not have to pay their loans in order to find a job.
Which one of the following is NOT one of the four major taxes that come out of your paycheck?
A) Property Tax; B) Social Security Tax; C) State Tax; D) Medicare Tax; E) Federal Tax
A) Property Tax
If a credit score range is between 300 to 850, what is considered "very good" to "excellent"?
The group that guesses the range correctly will receive the full credit.
"Very Good" = 740-799
"Excellent" = 800-850
What is the biggest downside(s) to a pension?
In order to receive the pension, you have to work at company for a long time and the retirement funds may not transfer to a different employer.
We learned about dividends earlier; a portion of a company's profits distributed to shareholders. Stocks in the S&P 500 that increase their dividends annually are referred to as "dividend aristocrats."
What is the name of the oil company with connections to Venezuela with a 3% yield making it one of the better dividend aristocrats?
Chevron
How many 65+ Americans are still working?
8 million
Going back to US History (or APUSH), when did Federal Income Tax begin?
(Hint: Instead of a date, there's a Constitutional Amendment that grants Congress permission to levy taxes on income.)
16th Amendment
American Express Blue: 18.24-29.24% APR and 0% APR for first 15 months; No Fees; Rewards: 3% cash back on groceries, online purchases and gas stations
B of A Customized Cash Rewards Card: 18.24%-28.24% and 0% APR for first 18th months; Fee: 1% international transaction fee; Rewards: $200 bonus if you spend $1000 in first 90 days and 1% cash back on all purchases.
Which is the better card and why?
American Express Blue due to no fees and better rewards.
What is the equivalent of a 401(k) for public and charter school teachers?
403(b)
A question from our recent stock market lesson is as follows: "the stock market is no different from legalized gambling? Do you agree or disagree with this idea and why?"
The team with the best (most thorough) response will receive full credit.
Depends who you ask TBH.
How much student loan debt is there in America?
$1.81 Trillion