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.
Sep 0201:00 PM EDT
-11:59 PM EDT
Take 30% off all study plans with code COURSEWORK - Expires on Monday 9/7
Sep 0410:00 AM PDT
-11:00 AM PDT
What does test anxiety really look like on the GMAT? For many test takers, it does not look like a panic attack. Instead, it shows up as brain fog, rereading, negative comparisons, mental noise....
Sep 0609:30 AM EDT
-12:30 PM EST
Top scores are possible when you enroll in a powerful EA course, taught live online + 6 months access to TTP OnDemand video courses included! Perfect class schedule and easy course access for working professionals. Class starts Sundays Sept. 6, 2026.- Sep 07
12:01 AM PDT
-11:59 PM PDT
On the 7th, GMAT Club Tests will be Free! Including all the Quizzes, Questions, and Tests. 12 AM - 11:59 PM PDT - Sep 09
07:00 AM PDT
-10:00 AM PDT
Meet AdComs and explore top Master’s programs - MiM, MiF, MSc, MSBA and more. - Application Fee Waivers - Free 1-Week of GMAT Club Tests: - Master's Application Toolkit - Grand Prize Giveaway 
Sep 1507:00 PM EDT
-09:00 PM EST
Elite scores are possible when you enroll in a powerful GMAT course, taught live online + 6 months access to TTP OnDemand video courses included! Class starts Tues/Thurs Sept. 15, 2026 - Nov. 15, 2027, 7:00pm-9:00pm EST
Sep 2108:00 PM EDT
-10:00 PM EDT
Boost your GMAT score in less than one month in a live online class + 6 months access to TTP OnDemand video courses included! Class starts Mon, Tues, Wed, Thur, Fri Sept. 21, 2026 - Oct. 9, 2027, 7:00pm-10:00pm EST
Fish181
Joined: 13 Dec 2023
Last visit: 10 Aug 2026
Posts: 127
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: 127
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:
85%
(hard)
Question Stats:
53% (02:45) correct
47%
(02:49)
wrong
based on 2315
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.
Trying to understand why the right answer is right?
GMAT Club Tests explanations walk through concepts, shortcuts, and common traps on many questions.
See how →
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.
