Question

1. what is one step you can take to protect yourself from identity theft?

a. check your bank statements each month to verify that all transactions are accurate
b. log into your banks mobile app using a public wifi network
c. throw away expired bank account cards and documents without shredding them
d. use websites that start with \http\ instead of \https\

1. hudson always makes the minimum monthly payments on all of his debts, on time. he receives a raise at work which gives him an extra $250 per month in take - home pay. if his primary goal is to minimize the amount of interest hell pay over the lifetime of his debts, which debt should he pay down most quickly using his increased pay?

a. his car loan with a 6.9% interest rate
b. his credit card with a 19.7% interest rate
c. his private student loans with an 11.8% interest rate
d. his federal student loans with a 3.76% interest rate

short answer

1. gordon worked a part - time job last year. its now january and hes preparing to file his taxes. briefly explain what he needs to do -- and when -- in order to file his taxes.

Explanation:

Question 24

To protect from identity theft, we analyze each option:

• Option a: Checking bank statements monthly helps detect unauthorized transactions, a valid protective step.
• Option b: Public WiFi is insecure for banking, increasing theft risk.
• Option c: Throwing away unshredded bank documents risks theft via dumpster diving.
• Option d: "Http" sites are unencrypted, while "https" is secure; using http increases risk.

So option a is correct.

To minimize total interest, pay down the debt with the highest interest rate first, as higher rates accrue more interest over time.

• Option a: 6.9% rate.
• Option b: 19.7% rate (highest among options).
• Option c: 11.8% rate.
• Option d: 3.76% rate.

So paying down the credit card (option b) first minimizes total interest.

For Gordon to file taxes:

1. Obtain W-2: His part - time employer should provide a W - 2 (by January 31st) showing income and taxes withheld.
2. Gather documents: Collect other relevant tax documents (e.g., if he has deductions, receipts for expenses like education or charitable donations).
3. Choose filing method: Decide to file manually (using IRS forms like 1040) or via tax software/CPA.
4. File by deadline: File federal (and state, if applicable) taxes by April 15th (or October 15th if filing an extension, but extensions are for time to file, not pay). If he owes, pay by April 15th; if due a refund, file to claim it.

Answer:

a. Check your bank statements each month to verify that all transactions are accurate

Question 25