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# In 1993 Mr. Jacobs paid 4.8 percent of his taxable income in

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Senior Manager
Joined: 28 Jun 2007
Posts: 291
In 1993 Mr. Jacobs paid 4.8 percent of his taxable income in  [#permalink]

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Updated on: 31 Mar 2015, 03:56
2
00:00

Difficulty:

45% (medium)

Question Stats:

61% (01:19) correct 39% (01:07) wrong based on 134 sessions

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In 1993 Mr. Jacobs paid 4.8 percent of his taxable income in state taxes. In 1994 what percent of Mr. Jacobs’ taxable income did he pay in state taxes?

(1) In 1993 Mr. Jacobs’s taxable income was $42,500. (2) In 1994 Mr. Jacobs paid$232 more in state taxes than he did in 1993.

Originally posted by gluon on 26 Sep 2007, 12:21.
Last edited by Bunuel on 31 Mar 2015, 03:56, edited 1 time in total.
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Joined: 29 Mar 2007
Posts: 2425
Re: In 1993 Mr. Jacobs paid 4.8 percent of his taxable income in  [#permalink]

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26 Sep 2007, 12:38
gluon wrote:
In 1993 Mr. Jacobs paid 4.8 percent of his taxable income in state taxes. In 1994 what percent of Mr. Jacobs’ taxable income did he pay in state taxes?
(1) In 1993 Mr. Jacobs’s taxable income was $42,500. (2) In 1994 Mr. Jacobs paid$232 more in state taxes than he did in 1993.

S1: Insuff. Only 1993 yr's income is known

S2:

Let x be the income from 93. So x+232= 94 income.

.048(x+232) = income tax for 94. Since we don't know anything else, S2 is insuff.

S1 and 2 suff.

.048(42500+232) = 2051.136
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Joined: 07 Jul 2004
Posts: 4821
Location: Singapore
Re: In 1993 Mr. Jacobs paid 4.8 percent of his taxable income in  [#permalink]

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26 Sep 2007, 19:30
2
St1:

St2:
assume taxable income in 1993 = x. Then taxes paid in 1993 = 4.8/100 * x = 0.048x
taxes paid in 1994 = 0.048x + 232. But we do not have taxable income in 1994 to claculate %. Out.

St1 and St2:
nothing extra is known about 1994 taxable income.

Ans E
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Joined: 15 Mar 2007
Posts: 43
Re: In 1993 Mr. Jacobs paid 4.8 percent of his taxable income in  [#permalink]

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26 Sep 2007, 19:46
gluon wrote:
In 1993 Mr. Jacobs paid 4.8 percent of his taxable income in state taxes. In 1994 what percent of Mr. Jacobs’ taxable income did he pay in state taxes?
(1) In 1993 Mr. Jacobs’s taxable income was $42,500. (2) In 1994 Mr. Jacobs paid$232 more in state taxes than he did in 1993.

It's E.

S1 and S2 by itself is Insuff cleary.

S1 + S2:

From S1 : 1993 - State Tax = 4.8/100 x 42500 = 2125 ( roughly)

From S2 : 1994 - State Tax = 2125 + 232 = 2357

Cannot determine what % of I = 2357 w/o knowing I.
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Joined: 07 Aug 2011
Posts: 538
GMAT 1: 630 Q49 V27
Re: In 1993 Mr. Jacobs paid 4.8 percent of his taxable income in  [#permalink]

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31 Mar 2015, 04:32
gluon wrote:
In 1993 Mr. Jacobs paid 4.8 percent of his taxable income in state taxes. In 1994 what percent of Mr. Jacobs’ taxable income did he pay in state taxes?

(1) In 1993 Mr. Jacobs’s taxable income was $42,500. (2) In 1994 Mr. Jacobs paid$232 more in state taxes than he did in 1993.

A is insufficient as we have no information about 1994 .
B is insufficient as we do not know taxable income in 1993 .

combining together

$$4.8%42500 + 232 = Some%TaxableIncome_1_9_9_4$$

as we do not know the taxable income in 1994 we cannot find answer.

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Re: In 1993 Mr. Jacobs paid 4.8 percent of his taxable income in  [#permalink]

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15 Oct 2017, 06:55
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

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Re: In 1993 Mr. Jacobs paid 4.8 percent of his taxable income in &nbs [#permalink] 15 Oct 2017, 06:55
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# In 1993 Mr. Jacobs paid 4.8 percent of his taxable income in

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