Find all School-related info fast with the new School-Specific MBA Forum
Learn more about the recent changes... close

It is currently 23 May 2013, 09:33
Customize  |  Hide

Search
Register
New posts
Unanswered

Compute Income Tax

  Question banks Downloads My Bookmarks Reviews  
  Oldest Best Reply
Search for:
 
Print view
First unread post
Author Message
TAGS:
Manager
Manager
Status: Trying to get 720+ - DIDN'T GIVE UP !!
Joined: 24 Aug 2011
Posts: 183
Location: India
Concentration: Entrepreneurship, Finance
GMAT 1: 600 Q48 V25
GMAT 2: 660 Q50 V29
WE: Engineering (Computer Software)
Followers: 0

Kudos [?]: 13 [0], given: 95

GMAT Tests User CAT Tests
Compute Income Tax [#permalink] New post 26 Sep 2011, 07:37
00:00

Question Stats:

80% (02:03) correct 20% (02:32) wrong based on 1 sessions
Before being simplified,the instructions for computing income tax in country R were to add 2 percent of one's income to the average ( arithmetic mean) of 100 units of country R's currency and 1 percent of one's annual income.Which of the following represents the simplified formula for computing the income tax, in country R's currency, for a person in that country whose annual income is I ?

a) 50 + I/200
b) 50 + 3I/100
c) 50 + I/40
d) 100 + I/50
e)100 + 3I/100

Thanks in advance
[Reveal] Spoiler: OA

_________________

Didn't give up !!! Still Trying!!

Math Forum Moderator
Joined: 20 Dec 2010
Posts: 2100
Followers: 108

Kudos [?]: 655 [0], given: 376

GMAT Tests User
Re: Compute Income Tax [#permalink] New post 26 Sep 2011, 09:05
Practicegmat wrote:
Before being simplified,the instructions for computing income tax in country R were to add 2 percent of one's income to the average ( arithmetic mean) of 100 units of country R's currency and 1 percent of one's annual income.Which of the following represents the simplified formula for computing the income tax, in country R's currency, for a person in that country whose annual income is I ?

a) 50 + I/200
b) 50 + 3I/100
c) 50 + I/40
d) 100 + I/50
e)100 + 3I/100

Thanks in advance


Most of GMAT Prep and OG questions are already discussed. Post your query in those threads.

Please discuss here:
hard-gmat-prep-ps-problem-69583.html

How to search:
common-posting-ethics-119627.html
_________________

~fluke

Find out what's new at GMAT Club - latest features and updates

Re: Compute Income Tax   [#permalink] 26 Sep 2011, 09:05
    Similar topics Author Replies Last post
Similar
Topics:
 New posts PS:GMATPrep-income tax rkatl 1 10 Sep 2006, 20:21
New posts An income tax is 20% in the lowest bracket of net income and Capthan 4 20 Mar 2008, 07:06
New posts Gmatprep-Income tax goalsnr 1 26 Jul 2008, 11:38
New posts Income Tax Onell 4 21 Mar 2011, 05:12
New posts 1 EXPERTS_POSTS_IN_THIS_TOPIC Income Tax help please? ajshco 6 24 Jan 2013, 05:17
Display posts from previous: Sort by

Compute Income Tax

  Question banks Downloads My Bookmarks Reviews  
Print view
First unread post

Moderators: Bunuel, VeritasPrepKarishma, IanStewart

Search for:


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.

Main navigation

GMAT Resources

Partners

MBA Resources

www.gmac.com|www.mba.com