Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Apr 2301:30 AM EDT
-02:30 AM EDT
Struggling with GMAT Verbal as a non-native speaker? Harsh improved his score from 595 to 695 in just 45 days—and scored a 99 %ile in Verbal (V88)! Learn how smart strategy, clarity, and guided prep helped him gain 100 points.
Apr 2308:00 PM PDT
-09:00 PM PDT
Video explanations + diagnosis of 10 weakest areas + 150+ short videos + study plan!
Apr 2212:30 AM EDT
-01:30 AM EDT
At one point, she believed GMAT wasn’t for her. After scoring 595, self-doubt crept in and she questioned her potential. But instead of quitting, she made the right strategic changes. The result? A remarkable comeback to 695. Check out how Saakshi did it.
Apr 2610:00 AM EDT
-11:00 AM EDT
The Target Test Prep course represents a quantum leap forward in GMAT preparation, a radical reinterpretation of the way that students should study. Try before you buy with a 5-day, full-access trial of the course for FREE!
Apr 2711:00 AM EDT
-12:00 PM EDT
Prefer video-based learning? The Target Test Prep OnDemand course is a one-of-a-kind video masterclass featuring 400 hours of lecture-style teaching by Scott Woodbury-Stewart, founder of Target Test Prep and one of the most accomplished GMAT instructors
Apr 2808:00 AM PDT
-11:00 AM PDT
Whether you are just beginning your MBA journey or fine-tuning your path to a 700+ score, GMAT Day is designed to give you a competitive edge.
Fish181
Joined: 13 Dec 2023
Last visit: 22 Jan 2025
Posts: 133
Given Kudos: 53
Status:Applying in R1 of 2024 to t15
Affiliations: University of Tennessee
Location: United States (CO)
Concentration: Strategy, Finance
GMAT Focus 1: 605 Q76 V84 DI80 
GMAT Focus 2: 615 Q78 V86 DI78
GPA: 3.62
WE:Analyst (Consumer Packaged Goods)
GMAT Focus 2: 615 Q78 V86 DI78
Posts: 133
17 Mar 2024, 08:57
Kudos
Bookmarks
True: More people file Schedule X with their income tax return than earn an annual income above the specified amount.
False: More people earn an income above the specified amount than file Schedule X with their income tax return.
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
53% (02:47) correct
47%
(02:50)
wrong
based on 2036
sessions
History
Date
Time
Result
Not Attempted Yet
Country C has a long-standing policy that every person who earns an annual income above a certain specified amount in any given year must file an income tax return for that year that includes Schedule X. However, for every year, most people who file an income tax return that includes Schedule X do not earn an annual income above the specified amount.
Assume that everyone in Country C always follows the country's tax policies. Select the statement about people in Country C that must be true, given this assumption and the information provided. And select the statement about people in Country C that must be false, given this assumption and the information provided. Make only two selections, one in each column.
Country C has a long-standing policy that every person who earns an annual income above a certain specified amount in any given year must file an income tax return for that year that includes Schedule X. However, for every year, most people who file an income tax return that includes Schedule X do not earn an annual income above the specified amount.
Assume that everyone in Country C always follows the country's tax policies. Select the statement about people in Country C that must be true, given this assumption and the information provided. And select the statement about people in Country C that must be false, given this assumption and the information provided. Make only two selections, one in each column.
| True | False | |
| More people earn an income above the specified amount than file Schedule X with their income tax return. | ||
| More people file Schedule X with their income tax return than earn an annual income above the specified amount. | ||
| More people file Schedule X than earn an income below the specified amount. | ||
| More people earn an income below the specified amount than file Schedule X. | ||
| Most people file Schedule X. | ||
| Most people do not file Schedule X. |
ShowHide Answer
Official Answer
True: More people file Schedule X with their income tax return than earn an annual income above the specified amount.
False: More people earn an income above the specified amount than file Schedule X with their income tax return.
Pro tip:
Combine official questions for familiarity with GMAT Club Tests for analytics and tougher Focus-level practice so the real exam feels manageable.
Explore →
17 Mar 2024, 09:26
Kudos
Bookmarks
Country C has a long-standing policy that every person who earns an annual income above a certain specified amount in any given year must file an income tax return for that year that includes Schedule X. However, for every year, most people who file an income tax return that includes Schedule X do not earn an annual income above the specified amount.
We further know that everyone follows the policy.
If we look at the options every two successive options are opposite to each other: (1,2), (3,4) and (5,6), so we have three sets of (True, False) sentence. If we can say any sentence to be 'must be true', the other in the pair can be marked as False.
Let us take that amount to be K dollars and there be 1000 people earning above K dollars. So, everyone, that is all 1000 people, earning above K dollars is surely filing ITR with Sch X.
Let the actual returns filed be Y. However, most of people(of Y) filing ITR with sch X have income below K dollars.
So Y is surely more than 2*1000 people or at least 2001 people.
More people earn an income above the specified amount than file Schedule X with their income tax return.
This has to be FALSE as we know everyone earning above specified amount files Sch X with their ITR.
1000 people earn above K, but at least 2001 file Sch X with ITR.
The other option in the pair will be TRUE, so let us see that sentence.
More people file Schedule X with their income tax return than earn an annual income above the specified amount.
This comes directly from the para and is TRUE. - 'However, for every year, most people who file an income tax return that includes Schedule X do not earn an annual income above the specified amount.'
At least 2001 file Sch X but 1000 earn above specified amount.
We further know that everyone follows the policy.
If we look at the options every two successive options are opposite to each other: (1,2), (3,4) and (5,6), so we have three sets of (True, False) sentence. If we can say any sentence to be 'must be true', the other in the pair can be marked as False.
Let us take that amount to be K dollars and there be 1000 people earning above K dollars. So, everyone, that is all 1000 people, earning above K dollars is surely filing ITR with Sch X.
Let the actual returns filed be Y. However, most of people(of Y) filing ITR with sch X have income below K dollars.
So Y is surely more than 2*1000 people or at least 2001 people.
More people earn an income above the specified amount than file Schedule X with their income tax return.
This has to be FALSE as we know everyone earning above specified amount files Sch X with their ITR.
1000 people earn above K, but at least 2001 file Sch X with ITR.
The other option in the pair will be TRUE, so let us see that sentence.
More people file Schedule X with their income tax return than earn an annual income above the specified amount.
This comes directly from the para and is TRUE. - 'However, for every year, most people who file an income tax return that includes Schedule X do not earn an annual income above the specified amount.'
At least 2001 file Sch X but 1000 earn above specified amount.
General Discussion
sircasm
Joined: 13 Jul 2023
Last visit: 10 Jul 2025
Posts: 13
Given Kudos: 110
Location: United States (MA)
Schools: CBS (D) Fuqua '27 (A) MIT '27 (D) Tuck '27 (WL)
GPA: 3.6
Products:
19 Jun 2024, 09:48
Kudos
Bookmarks
chetan2u this question appeared in my GMAT Focus prep practice test - just in case it needs to be tagged accordingly.
