Find all School-related info fast with the new School-Specific MBA Forum

Learn more about the recent changes...

Not a Member?

It is currently 25 May 2013, 03:08

Customize | Hide

New posts

Unanswered

Gmatprep-Income tax

Question banks

Downloads

My Bookmarks

Reviews

Oldest

Best Reply

Print view

First unread post

Author

Message

TAGS:

Joined: 03 Apr 2007

Posts: 1384

Followers: 2

Kudos [?]: 90 [0], given: 10

Gmatprep-Income tax [#permalink]

26 Jul 2008, 11:38

Please explain your work.

Attachment:

sheetal_itax.GIF [ 19.36 KiB | Viewed 268 times ]

Manager

Joined: 03 Jun 2008

Posts: 136

Schools: ISB, Tuck, Michigan (Ross), Darden, MBS

Followers: 1

Kudos [?]: 4 [0], given: 0

Re: Gmatprep-Income tax [#permalink]

26 Jul 2008, 11:45

C is the correct ans.

Tax = .02 I + (100 + .01 I)/2

=> I/50 + 50 + I/200

=> 5I/200 + 50

=> I/40 + 50
_________________

-----------------------------------------------------------
'It's not the ride, it's the rider'

Re: Gmatprep-Income tax [#permalink] 26 Jul 2008, 11:45

		Similar topics	Author	Replies	Last post
Similar Topics:		CR Taxes	praveen_rao7	7	30 Jan 2005, 10:21
		array of tax	dipaksingh	4	16 Feb 2005, 07:59
		the proposal to tax	jeunesis	5	11 May 2006, 09:58
		PS:GMATPrep-income tax	rkatl	1	10 Sep 2006, 20:21
	3	TUITION and TAXES	aaudetat	20	27 Jan 2007, 19:29

Gmatprep-Income tax

Question banks

Downloads

My Bookmarks

Reviews

Print view

First unread post

Moderators: Bunuel, VeritasPrepKarishma

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

GMAT ® is a registered trademark of the Graduate Management Admission Council ® (GMAC ®). GMAT Club's website has not been reviewed or endorsed by GMAC.

GMAT Courses

Admissions Consulting

Gmatprep-Income tax

Gmatprep-Income tax

Main navigation

GMAT Resources

Partners

MBA Resources