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Fines for corporations

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Joined: 08 Jan 2019
Posts: 47
Fines for corporations  [#permalink]

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New post 05 Apr 2019, 02:21
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A
B
C
D
E

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Question Stats:

0% (00:00) correct 100% (00:34) wrong based on 1 sessions

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State tax officials, having had considerable success in persuading delinquent individuals to pay their back taxes through the incentive of reduced penalties, plan to adopt a similar approach in order to collect past due taxes from corporations.

The state tax plan outlined above assumes that

A. federal tax officials will not attempt to collect back taxes in the same manner (Off topic)
B. stiff fines are not the only way to collect past due corporate taxes (this one looks like a 180 +vague off topic diversion one - though this is the right answer provided)
C. corporations tend to be delinquent in their taxes for the same length of time that individual taxpayers are (its not about time - diversion)
D. past due taxes cannot be collected without a reduction in penalties (though this one state corporate or individual explicitly - even if I don't negate and take a straight approach - this one looks like the most direct assumption - considerable success with reduction - assumes my preceeding sentence?)
E. penalties for delinquent corporations will have to be reduced by the same percentage as were penalties for delinquent individuals(percentages are not explicitly stated - so another diversion)

The assumption explicit is reduced fines will help tax officials to collect past due taxes from corporation

There are 2 choices - B and D to eliminate from
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Joined: 02 Sep 2009
Posts: 55148
Re: Fines for corporations  [#permalink]

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New post 05 Apr 2019, 02:38
DebbieChats wrote:
State tax officials, having had considerable success in persuading delinquent individuals to pay their back taxes through the incentive of reduced penalties, plan to adopt a similar approach in order to collect past due taxes from corporations.

The state tax plan outlined above assumes that

A. federal tax officials will not attempt to collect back taxes in the same manner (Off topic)
B. stiff fines are not the only way to collect past due corporate taxes (this one looks like a 180 +vague off topic diversion one - though this is the right answer provided)
C. corporations tend to be delinquent in their taxes for the same length of time that individual taxpayers are (its not about time - diversion)
D. past due taxes cannot be collected without a reduction in penalties (though this one state corporate or individual explicitly - even if I don't negate and take a straight approach - this one looks like the most direct assumption - considerable success with reduction - assumes my preceeding sentence?)
E. penalties for delinquent corporations will have to be reduced by the same percentage as were penalties for delinquent individuals(percentages are not explicitly stated - so another diversion)

The assumption explicit is reduced fines will help tax officials to collect past due taxes from corporation

There are 2 choices - B and D to eliminate from


Discussed here: https://gmatclub.com/forum/state-tax-of ... 17484.html
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Re: Fines for corporations   [#permalink] 05 Apr 2019, 02:38
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Fines for corporations

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