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In country X each taxpayer files, either individually or [#permalink]
30 Jul 2004, 07:15
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In country X each taxpayer files, either individually or jointly, one federal tax return per year. Did more than 10 million of the taxpayers who filed a federal tax return for 1984 report having individual retirement accounts?
(1) Of the 90 million federal tax returns filed for 1984 in country X, 1/3 were joint returns filed by two taxpayers, all other returns were filed by individual taxpayers.
(2) Of the country X taxpayers who filed federal tax returns in 1984, exactly 10.5 percent reported having individual retirement accounts.