Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:
The 38 corporations that filed United States income tax [#permalink]
11 Jul 2006, 17:31
0% (00:00) correct
0% (00:00) wrong based on 0 sessions
HideShow timer Statistics
The 38 corporations that filed United States income tax returns showing a net income of more than $100 million announced for 53 percent of the total taxable income from foreign sources reported on all tax returns. Sixty percent of the total taxable income come from foreign sources came from the 200 returns reporting income from 10 or more countries.
If the statements above are true. which of the following must also be true?
(A) Most of the total taxable income camed by corporations with net income above $100 million was earned from foreign sources
(B) Wealthy individuals with large personal incomes reported 47 percent of the total taxable income from foreign sources
(C) Income from foreign sources amounted to between 53 and 60 percent of all reported taxable income
(D) Some of the corporations with net income above $100 million reported income from 10 or more countries
(E)Most of the tax returns showing income from 10 or more countries reported net income of more than $100 million
I think it is A. Most by dictionary means ' greatest in number'. That makes 53% most.
Not D because a company might not be having income from 10 or more coutries. The 38 $100 mn companies, may each be getting foreign investment from a diff country, making the last statement of the given paragraph true. Yet, this doesn't make answer choice D correct