It is currently 17 Nov 2017, 20:18

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# Compute Income Tax

Author Message
Manager
Status: Time to apply!
Joined: 24 Aug 2011
Posts: 197

Kudos [?]: 147 [0], given: 166

Location: India
Concentration: Finance, Entrepreneurship
GMAT 1: 600 Q48 V25
GMAT 2: 660 Q50 V29
GMAT 3: 690 Q49 V34
GPA: 3.2
WE: Engineering (Computer Software)

### Show Tags

26 Sep 2011, 07:37
1
This post was
BOOKMARKED
00:00

Difficulty:

55% (hard)

Question Stats:

60% (01:11) correct 40% (01:43) wrong based on 45 sessions

### HideShow timer Statistics

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

[Reveal] Spoiler: OA

_________________

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

Kudos [?]: 147 [0], given: 166

Math Forum Moderator
Joined: 20 Dec 2010
Posts: 1965

Kudos [?]: 2088 [0], given: 376

### Show Tags

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

hard-gmat-prep-ps-problem-69583.html

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

Kudos [?]: 2088 [0], given: 376

Re: Compute Income Tax   [#permalink] 26 Sep 2011, 09:05
Display posts from previous: Sort by