Under the 1986 tax law, interest payments on a refinanced : GMAT Sentence Correction (SC)
Check GMAT Club Decision Tracker for the Latest School Decision Releases https://gmatclub.com/AppTrack

 It is currently 22 Feb 2017, 23:42

### 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

# Under the 1986 tax law, interest payments on a refinanced

Author Message
TAGS:

### Hide Tags

Current Student
Joined: 29 Jan 2005
Posts: 5238
Followers: 26

Kudos [?]: 381 [0], given: 0

Under the 1986 tax law, interest payments on a refinanced [#permalink]

### Show Tags

13 Oct 2005, 23:47
00:00

Difficulty:

(N/A)

Question Stats:

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

### HideShow timer Statistics

Under the 1986 tax law, interest payments on a refinanced business loan are deductible only if the amount of the loan does not exceed the value of the business, the cost of refinancing, and any additional amount borrowed against the business to pay for tax or legal expenses.

(A) any additional amount borrowed against the business to pay for tax or legal expenses
(B) borrowing any additional amount against the business for payment of tax or legal expenses
(C) also borrowing any additional amount against the business to pay for tax or legal expenses
(D) any additional payment of tax or legal expenses that were borrowed against the business
(E) any additional payment borrowed against the business for tax or legal expenses
If you have any questions
New!
Senior Manager
Joined: 14 Apr 2005
Posts: 417
Location: India, Chennai
Followers: 2

Kudos [?]: 16 [0], given: 0

### Show Tags

14 Oct 2005, 00:20
There seems to be nothing wrong. So I would choose A.
SVP
Joined: 24 Sep 2005
Posts: 1890
Followers: 19

Kudos [?]: 295 [0], given: 0

### Show Tags

14 Oct 2005, 01:05
GMATT73 wrote:
Under the 1986 tax law, interest payments on a refinanced business loan are deductible only if the amount of the loan does not exceed the value of the business, the cost of refinancing, and any additional amount borrowed against the business to pay for tax or legal expenses.

(A) any additional amount borrowed against the business to pay for tax or legal expenses
(B) borrowing any additional amount against the business for payment of tax or legal expenses
(C) also borrowing any additional amount against the business to pay for tax or legal expenses
(D) any additional payment of tax or legal expenses that were borrowed against the business
(E) any additional payment borrowed against the business for tax or legal expenses

Uhm, your SC is tough as usual
as the sentence use the parallelism structure for the listing :
the value of .....
the cost of .......
I surmise D is correct with any additional payment of

Edit : A is fine!
Re: SC Comparison   [#permalink] 14 Oct 2005, 01:05
Similar topics Replies Last post
Similar
Topics:
Current tax law requires anyone who earns a profit on an investment th 2 25 Oct 2014, 03:12
19 Under the 1986 tax law, interest payments on a refinanced 23 21 Mar 2009, 10:25
Under the 1986 tax law, interest payments on a refinanced 2 30 Dec 2008, 07:00
1 Under the 1986 tax law, interest payments on a refinanced 5 01 Feb 2008, 12:46
Under the 1986 tax law, interest payments on a refinanced 6 23 Jun 2007, 11:10
Display posts from previous: Sort by

# Under the 1986 tax law, interest payments on a refinanced

 Powered by phpBB © phpBB Group and phpBB SEO 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®.