Financial Literacy Q&A | CentSai Q&A

Financial Literacy

1 year ago
34
0
Louis DeNicola
Asked by: Louis DeNicola

Why is the $100 bill purple?

1 answer
1 year ago
23
0
Louis DeNicola
Asked by: Yulin Lee

How to break the silence around talking money?

0 answers
    2 years ago
    83
    1
    Louis DeNicola
    Asked by: Doria Lavagnino

    How are tax returns chosen for an audit? Do you know what percentage of personal returns are audited?

    2 answers
    2 years ago
    38
    0
    Louis DeNicola
    Asked by: Jevon

    Paying taxes seems important, and the punishments can be steep; but if I'm self employed and my earnings aren't recorded anywhere, how would the government find out I wasn't paying my taxes?

    1 answer
    • Hannah Rounds
    2 years ago
    34
    0
    Louis DeNicola
    Asked by: Moses R

    I am completely mystified about the United States Federal Income tax system. Where exactly does that money go? Is there a resource available to the public were taxpayers can see an itemized budget of how the Federal Income tax collected is spent? Furthermore I am aware of the fact that for decades there has been a debate on whether or not US citizens are required to pay a Federal Income tax. Is there a law that actually requires Americans to pay a federal income tax? If so, could you point me to that law? If there is no law then why are Americans required to pay it?

    1 answer
    2 years ago
    28
    0
    Louis DeNicola
    Asked by: Hannah Gold

    Sometimes when I fill out my taxes (or a w4, for example) I feel like I am guessing. Is there some sort of review process for this? If I check the wrong boxes (Like- am I head of household if I am in college and still mostly financially dependent?) are there any kinds of fines I could face? How is this enforced?

    1 answer
    2 years ago
    35
    0
    Louis DeNicola
    Asked by: Lily Chait

    When is it best to use a personal check? Are checks something that are in the process of being replaced by technology?

    2 answers
    2 years ago
    1439
    12
    Louis DeNicola
    Asked by: Arindam Nag

    Why are so many companies incorporated in Bermuda or the Cayman Islands?

    4 answers
    2 years ago
    63
    0
    Louis DeNicola
    Asked by: Camille Cavicchio

    What is the difference between the discount and a normal interest rate? What prompts a discount rate?

    1 answer
    3 years ago
    100
    0
    Louis DeNicola
    Asked by: Arindam Nag

    Why is financial education important for millennials?

    4 answers
    3 years ago
    72
    0
    Louis DeNicola
    Asked by: Rebecca

    What are tax write-offs? Do they matter?

    2 answers
    3 years ago
    53
    0
    Asked by: Team CentSai

    Where is my credit score? How quickly does it change?

    1 answer
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