This week we will look
at a problem that all of us face; viruses and malware. Discuss some of the steps you can take
to prevent becoming infected.
Filing a Tax Return.
Many college students choose not to file a federal income tax return,
assuming that the income taxes withheld by employers ‘‘probably’’ will
cover their tax liability. Is such an assumption correct? What are the
negatives of this practice if the employers withheld too much in income
taxes? What are the negatives if the employers did not withhold enough in
income taxes? Will any tax credits be lost?
Tax Credits. Name three
tax credits that a college student might take advantage of while still in
school or during the first few years after graduation.
Reduce Tax Liability. Identify five strategies to reduce income tax
liability that you will likely take advantage of in the future.