Check GMAT Club Decision Tracker for the Latest School Decision Releases https://gmatclub.com/AppTrack
GMAT Club

It is currently 23 Mar 2017, 17:33

Close

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
Your Progress

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

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Compute Income Tax

  post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Manager
Manager
avatar
Status: Time to apply!
Joined: 24 Aug 2011
Posts: 220
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)
Followers: 4

Kudos [?]: 121 [0], given: 166

Compute Income Tax [#permalink]

Show Tags

New post 26 Sep 2011, 07:37
1
This post was
BOOKMARKED
00:00
A
B
C
D
E

Difficulty:

  55% (hard)

Question Stats:

60% (02:11) 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

Thanks in advance
[Reveal] Spoiler: OA

_________________

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

Math Forum Moderator
avatar
Joined: 20 Dec 2010
Posts: 2019
Followers: 162

Kudos [?]: 1764 [0], given: 376

Re: Compute Income Tax [#permalink]

Show Tags

New post 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

Thanks in advance


Most of GMAT Prep and OG questions are already discussed. Post your query in those threads.

Please discuss here:
hard-gmat-prep-ps-problem-69583.html

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

~fluke

GMAT Club Premium Membership - big benefits and savings

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

Compute Income Tax

  post reply Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

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®.