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# Verbal CR

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Intern
Joined: 07 Sep 2017
Posts: 1

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Updated on: 08 Sep 2017, 11:09
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0% (00:00) correct 100% (00:24) wrong based on 3 sessions

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The government is considering legislation that would reduce tax benefits for parents opening college savings funds for their children. If passed, the new laws would result in greatly decreased tax benefits for parents who open such accounts. Therefore, if the new laws pass, many college-bound individuals will have difficulty covering their college costs, and some would not be able to attend.

The argument above assumes which of the following?

A. For most college-bound children, their parents’ savings accounts are the only source of educational funding.
B. The legislation is being considered because many parents have been misusing savings funds dedicated to their children’s educational costs.
C. College-bound children cannot open savings funds separately from their parents.
D. Because of decreased tax benefits, some parents will not open college savings funds for their children.
E. Parents facing the new restrictions on college funds will find other investments to dedicate to their children’s educational costs.

Originally posted by Volger on 08 Sep 2017, 09:37.
Last edited by pushpitkc on 08 Sep 2017, 11:09, edited 1 time in total.
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08 Sep 2017, 11:15
Volger wrote:
The government is considering legislation that would reduce tax benefits for parents opening college savings funds for their children. If passed, the new laws would result in greatly decreased tax benefits for parents who open such accounts. Therefore, if the new laws pass, many college-bound individuals will have difficulty covering their college costs, and some would not be able to attend.

The argument above assumes which of the following?

A. For most college-bound children, their parents’ savings accounts are the only source of educational funding.
B. The legislation is being considered because many parents have been misusing savings funds dedicated to their children’s educational costs.
C. College-bound children cannot open savings funds separately from their parents.
D. Because of decreased tax benefits, some parents will not open college savings funds for their children.
E. Parents facing the new restrictions on college funds will find other investments to dedicate to their children’s educational costs.

The argument talks about the new legislation which will reduce tax benefits for parents.
If these benefits are not passed, many students will not be able to go to colleges.
We have been asked to find what assumption is necessary for the argument to be correct.

Option C, if true will break the conclusion because if the children could open accounts
the children could attend school even without the contribution of their parents
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Verbal CR   [#permalink] 08 Sep 2017, 11:15
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