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When Americans filed their tax returns this year, the United

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When Americans filed their tax returns this year, the United [#permalink] New post 21 May 2008, 07:26
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When Americans filed their tax returns this year, the United States Treasury Department collected $315.1 billion in tax revenue, a 13.4% increase over last year. Yet the number of tax returns filed by employees did not increase significantly over the past year.

Each of the following, if true, could explain the simultaneous increase in tax revenue collection and the unchanged number of employee tax returns filed EXCEPT:
During this year, the number of women who re-entered the workforce as employees, after taking time off to raise children, was greater than the number of people who retired from the workforce.

Many retired workers owed more in taxes this year due to an increase in dividends and capital gains on their stock investments.

Last year, tax revenues were unusually low because the stock market experienced a marked decline, and many taxpayers reduced their taxable income with capital losses.

Compared with previous years, a greater percentage of the total tax revenue this year was collected from small businesses and corporations.

The employees who filed tax returns were paid higher wages this year than they were in the past, and thus owed more to the government in taxes per person.

Please explain your responses for this one....thanks!!
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Re: CR--TAX [#permalink] New post 21 May 2008, 09:24
between A and D

choose A because mentioned an increase of net employees, which contradicts the statement.
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Re: CR--TAX [#permalink] New post 21 May 2008, 12:11
gmatnub wrote:
between A and D

choose A because mentioned an increase of net employees, which contradicts the statement.


I totally agree.
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Re: CR--TAX [#permalink] New post 21 May 2008, 12:16
A.
A would mean the number of people who file the tax return would increase.
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Re: CR--TAX [#permalink] New post 21 May 2008, 12:46
yes, absolutely A as it shows that the net number of returns filed was an increase
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Re: CR--TAX [#permalink] New post 21 May 2008, 16:56
comes down to A vs D.
D supports the increase in revenue and maintains the number of tax returns. So D is out.

In A, the women coming into workforce increased. This goes in the face of maintaining the # of tax returns a constant.
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Re: When Americans filed their tax returns this year, the United [#permalink] New post 04 Mar 2012, 08:10
I would also go with A. "During this year, the number of women who re-entered the workforce as employees, after taking time off to raise children, was greater than the number of people who retired from the workforce"

the number of women re-entered into workforce was greater than the number of people who retired from workforce. This does not correctly justify why the tax revenue could increase in the end.
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Re: When Americans filed their tax returns this year, the United [#permalink] New post 05 Mar 2012, 01:31
Confused between A and C though marked A but i feel C is also strong contender as it doesn't explain anything about this year's....

Can anyone please explain how you negated C?
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Re: When Americans filed their tax returns this year, the United [#permalink] New post 05 Mar 2012, 06:34
kotela wrote:
Confused between A and C though marked A but i feel C is also strong contender as it doesn't explain anything about this year's....

Can anyone please explain how you negated C?



Quote:
C. Last year, tax revenues were unusually low because the stock market experienced a marked decline, and many taxpayers reduced their taxable income with capital losses.


Last year, due to stock market decline, the net taxable income of many taxpayers got reduced and they filed lesser tax returns. So even though number of taxpayers remained same in last year, the total tax collection was lesser.
Hence statistically, this year the revenues have increased.

This justifies the 13.4% increase in tax collection this year.
Re: When Americans filed their tax returns this year, the United   [#permalink] 05 Mar 2012, 06:34
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