Summer is Coming! Join the Game of Timers Competition to Win Epic Prizes. Registration is Open. Game starts Mon July 1st.

 It is currently 21 Jul 2019, 06:01

### 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

# Fifty professional income-tax advisors were given identical

Author Message
TAGS:

### Hide Tags

Intern
Joined: 24 Sep 2012
Posts: 3
GMAT Date: 09-08-2013
GPA: 3.5

### Show Tags

02 Oct 2012, 10:04
1
2
00:00

Difficulty:

5% (low)

Question Stats:

81% (01:42) correct 19% (02:00) wrong based on 274 sessions

### HideShow timer Statistics

Fifty professional income-tax advisors were given identical records from which to prepare an income-tax return. The advisors were not aware that they were dealing with fictitious records compiles by a financial magazine. No two of the completed tax returns agreed with each other, and only one was technically correct.

If the information above is correct, which one of the following conclusion can be properly drawn on the basis of it?

(A) Only one out of every twenty income-tax returns prepared by any given professional income-tax advisor will be correct.
(B) The fact that a tax return has been prepared by a professional income-tax advisor provides no guarantee that the tax return has been correctly prepared.
(C) In order to ensure that tax returns are correct, it is necessary to hire professional income-tax advisor to prepare them.
(D) All professional income-tax advisors make mistakes on at least some of the tax returns they prepare.
(E) People are more likely to have an incorrectly prepared tax return if they prepare their own tax returns than if they hire a professional income-tax advisor.
Senior Manager
Joined: 28 Jun 2009
Posts: 369
Location: United States (MA)

### Show Tags

02 Oct 2012, 12:53
B is right.

(A) Only one out of every twenty income-tax returns prepared by any given professional income-tax advisor will be correct. >> Can't say this. Argument does not talk about rate of accurracy of any given individual.

(B) The fact that a tax return has been prepared by a professional income-tax advisor provides no guarantee that the tax return has been correctly prepared. >> Correct

(C) In order to ensure that tax returns are correct, it is necessary to hire professional income-tax advisor to prepare them. >> In given agrument, professionals were tested.

(D) All professional income-tax advisors make mistakes on at least some of the tax returns they prepare. >> Can't say all, because one was technically right.

(E) People are more likely to have an incorrectly prepared tax return if they prepare their own tax returns than if they hire a professional income-tax advisor. >> Can't say this based on given info.
Senior Manager
Joined: 11 May 2011
Posts: 310

### Show Tags

02 Oct 2012, 14:09

Rest of the answers doesn't make much sense. Cheers!
_________________
-----------------------------------------------------------------------------------------
What you do TODAY is important because you're exchanging a day of your life for it!
-----------------------------------------------------------------------------------------
Senior Manager
Joined: 13 Aug 2012
Posts: 415
Concentration: Marketing, Finance
GPA: 3.23

### Show Tags

06 Oct 2012, 02:05

50 professional Income-tax advisors given identical records.
All 50 got different outcomes.
only one was technically correct.

(A) Only one out of every twenty income-tax returns prepared by any given professional income-tax advisor will be correct.
The ratio is incorrect: 1 out of 50 is correct.

(B) The fact that a tax return has been prepared by a professional income-tax advisor provides no guarantee that the tax return has been correctly prepared.
This is correct! Yes. 1 correct out of 50 from professoinal income-tax advisors. Pretty alarming!

(C) In order to ensure that tax returns are correct, it is necessary to hire professional income-tax advisor to prepare them.
Having that high rate for error is not encouraging me to believe this.

(D) All professional income-tax advisors make mistakes on at least some of the tax returns they prepare.
One got it correct! So ALL is extreme claim.

(E) People are more likely to have an incorrectly prepared tax return if they prepare their own tax returns than if they hire a professional income-tax advisor.
Hmm. We don't know any information about non-professional preparing income-tax.
_________________
Impossible is nothing to God.
Intern
Joined: 17 Jun 2015
Posts: 11
GPA: 3.35

### Show Tags

27 Jul 2015, 03:43
shahebali wrote:
Fifty professional income-tax advisors were given identical records from which to prepare an income-tax return. The advisors were not aware that they were dealing with fictitious records compiles by a financial magazine. No two of the completed tax returns agreed with each other, and only one was technically correct.

If the information above is correct, which one of the following conclusion can be properly drawn on the basis of it?

(A) Only one out of every twenty income-tax returns prepared by any given professional income-tax advisor will be correct.
(B) The fact that a tax return has been prepared by a professional income-tax advisor provides no guarantee that the tax return has been correctly prepared.
(C) In order to ensure that tax returns are correct, it is necessary to hire professional income-tax advisor to prepare them.
(D) All professional income-tax advisors make mistakes on at least some of the tax returns they prepare.
(E) People are more likely to have an incorrectly prepared tax return if they prepare their own tax returns than if they hire a professional income-tax advisor.

which one of the following conclusion can be properly drawn on the basis of it?
B is the perfect conclusion for this information
SVP
Status: It's near - I can see.
Joined: 13 Apr 2013
Posts: 1687
Location: India
GPA: 3.01
WE: Engineering (Real Estate)

### Show Tags

28 Mar 2018, 22:01
shahebali wrote:
Fifty professional income-tax advisors were given identical records from which to prepare an income-tax return. The advisors were not aware that they were dealing with fictitious records compiles by a financial magazine. No two of the completed tax returns agreed with each other, and only one was technically correct.

If the information above is correct, which one of the following conclusion can be properly drawn on the basis of it?

(A) Only one out of every twenty income-tax returns prepared by any given professional income-tax advisor will be correct.
(B) The fact that a tax return has been prepared by a professional income-tax advisor provides no guarantee that the tax return has been correctly prepared.
(C) In order to ensure that tax returns are correct, it is necessary to hire professional income-tax advisor to prepare them.
(D) All professional income-tax advisors make mistakes on at least some of the tax returns they prepare.
(E) People are more likely to have an incorrectly prepared tax return if they prepare their own tax returns than if they hire a professional income-tax advisor.

(A) Only one out of every twenty income-tax returns prepared by any given professional income-tax advisor will be correct. Too strong to conclude.

(B) The fact that a tax return has been prepared by a professional income-tax advisor provides no guarantee that the tax return has been correctly prepared.

(C) In order to ensure that tax returns are correct, it is necessary to hire professional income-tax advisor to prepare them. All the 50 above were professionals, still we have no guarantee.

(D) All professional income-tax advisors make mistakes on at least some of the tax returns they prepare. Too strong

(E) People are more likely to have an incorrectly prepared tax return if they prepare their own tax returns than if they hire a professional income-tax advisor. Out of scope.

Hence (B)
_________________
"Do not watch clock; Do what it does. KEEP GOING."
Re: Fifty professional income-tax advisors were given identical   [#permalink] 28 Mar 2018, 22:01
Display posts from previous: Sort by