Forty percent of the population doesn't understand how credit ratings work. What is more shocking is that 46 percent of Americans don’t know what tax bracket they are in, according to a 2017 nerdwallet article. The following figures are questions asked to the students of university prep. The figures show financial literacy is an area students are not much aware of . They were asked if they want to learn about Income Tax Returns from a scale of 1-5, and explain their reason behind their choice - That would be graph A. Also, I asked do you want to learn about investing in the Stock Market? On a scale of 1-5, explain your reason behind your choice. That would be graph B.
Most students ranked learning about the stock market as a medium priority to essential. Also, the majority ranked learning about taxes as a medium priority up to essential.
“Important for low to mid-income Latino communities since they aren’t always available to make money, to provide for their families”, said Omar Padilla, a junior at University Prep.
“Important for low to mid-income Latino communities since they aren’t always available to make money, to provide for their families”, said Omar Padilla, a junior at University Prep.
In February, UP will continue its Financial Literacy Class for juniors. It will be taught after school on Mondays by our Board Members: Mr. Cambridge, Mr. Gonzalez, and Mr. Garcia. “Stay tuned for more details,'' said Poyer. For some information, here are two things to know:
Terms
1. A tax return is a form or form filed with a tax authority that reports income, expenses, and other pertinent tax information. said JULIA KAGAN.
1. A tax return is a form or form filed with a tax authority that reports income, expenses, and other pertinent tax information. said JULIA KAGAN.
2.A stock is an investment. When you purchase a company's stock, you're purchasing a small piece of that company, called a share. You buy low and sell high.