It is currently 15 Dec 2017, 08:14

# Decision(s) Day!:

CHAT Rooms | Olin (St. Louis) R1 | Tuck R1 | Ross R1 | Fuqua R1

### 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

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# The 38 corporations that filed United States income tax

Author Message
Manager
Joined: 22 May 2006
Posts: 176

Kudos [?]: 8 [0], given: 0

The 38 corporations that filed United States income tax [#permalink]

### Show Tags

11 Jul 2006, 17:31
00:00

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions

### HideShow timer Statistics

The 38 corporations that filed United States income tax returns showing a net income of more than \$100 million announced for 53 percent of the total taxable income from foreign sources reported on all tax returns. Sixty percent of the total taxable income come from foreign sources came from the 200 returns reporting income from 10 or more countries.

If the statements above are true. which of the following must also be true?

(A) Most of the total taxable income camed by corporations with net income above \$100 million was earned from foreign sources
(B) Wealthy individuals with large personal incomes reported 47 percent of the total taxable income from foreign sources
(C) Income from foreign sources amounted to between 53 and 60 percent of all reported taxable income
(D) Some of the corporations with net income above \$100 million reported income from 10 or more countries
(E)Most of the tax returns showing income from 10 or more countries reported net income of more than \$100 million

Kudos [?]: 8 [0], given: 0

CEO
Joined: 20 Nov 2005
Posts: 2892

Kudos [?]: 337 [0], given: 0

Schools: Completed at SAID BUSINESS SCHOOL, OXFORD - Class of 2008

### Show Tags

11 Jul 2006, 18:31
Only D sounds reasonable.
_________________

SAID BUSINESS SCHOOL, OXFORD - MBA CLASS OF 2008

Kudos [?]: 337 [0], given: 0

SVP
Joined: 30 Mar 2006
Posts: 1728

Kudos [?]: 103 [0], given: 0

### Show Tags

12 Jul 2006, 02:07
will go with D

Best of the worst.

Kudos [?]: 103 [0], given: 0

Senior Manager
Joined: 15 Aug 2004
Posts: 325

Kudos [?]: 11 [0], given: 0

### Show Tags

12 Jul 2006, 03:30
Close between A & D.

Will go with D......

A - 53% is not Most

D - Some would still do

Kudos [?]: 11 [0], given: 0

Intern
Joined: 03 Jul 2006
Posts: 9

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

Location: India

### Show Tags

12 Jul 2006, 07:10
I think it is A. Most by dictionary means ' greatest in number'. That makes 53% most.

Not D because a company might not be having income from 10 or more coutries. The 38 \$100 mn companies, may each be getting foreign investment from a diff country, making the last statement of the given paragraph true. Yet, this doesn't make answer choice D correct

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

12 Jul 2006, 07:10
Display posts from previous: Sort by

# The 38 corporations that filed United States income tax

Moderators: GMATNinjaTwo, GMATNinja

 Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne 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®.