TAXES
What’s the deadline for filing federal income tax returns in most years?
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
Who is the fan of the defending Super Bowl champs?
Charlie Weintraub
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
What is the mascot?
A stag
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 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!
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?
Scott Brenner