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08 Nov 2023, 02:30
Kudos
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C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
79% (02:09) correct
21%
(02:09)
wrong
based on 146
sessions
History
Date
Time
Result
Not Attempted Yet
Irate Parent: Your request for a $2,000 loan to help pay your $11,000 tax bill is clearly without merit. By your own admission, you have failed to repay the $6,000 I advanced you to buy a car over two years ago, despite your verbal and written assurances that you would do so over that span.
Indigent Child: Though it is true that I have been unable to repay your generous auto loan, we both know that last year I was working for a charity and received no income, a decision you endorsed. This year, I have a $11,000 tax bill because I received $50,000 in income, but all that money can easily be accounted for: I spent $9,000 on rent, $6,000 on utilities and insurance, $15,000 on food, $9,000 on work expenses and loans to my sister, and the remaining $11,000, of course, on my taxes.
The child’s defense is suspect because
(A) The loans the child made to his sister were unnecessary, as they clearly could have been made by the irate parent.
(B) The rent, utilities, insurance, food, work expenses, loans, and tax bill do not add up to $50,000.
(C) If the child had allocated $11,000 to the tax bill as is insinuated in the child’s defense, then a loan with which to pay the bill would be redundant.
(D) The child cannot be trusted to repay any further loans in light of his failure to repay the auto loan supplied by the irate parent.
(E) The child could arrange a payment plan with the tax authorities.
Indigent Child: Though it is true that I have been unable to repay your generous auto loan, we both know that last year I was working for a charity and received no income, a decision you endorsed. This year, I have a $11,000 tax bill because I received $50,000 in income, but all that money can easily be accounted for: I spent $9,000 on rent, $6,000 on utilities and insurance, $15,000 on food, $9,000 on work expenses and loans to my sister, and the remaining $11,000, of course, on my taxes.
The child’s defense is suspect because
(A) The loans the child made to his sister were unnecessary, as they clearly could have been made by the irate parent.
(B) The rent, utilities, insurance, food, work expenses, loans, and tax bill do not add up to $50,000.
(C) If the child had allocated $11,000 to the tax bill as is insinuated in the child’s defense, then a loan with which to pay the bill would be redundant.
(D) The child cannot be trusted to repay any further loans in light of his failure to repay the auto loan supplied by the irate parent.
(E) The child could arrange a payment plan with the tax authorities.
08 Nov 2023, 03:04
Kudos
Bookmarks
Bunuel
OA is C.
Child already in his defense that he has $11k for tax and again he is asking the money, so this amount is redundant.
02 Dec 2023, 09:45
Kudos
Bookmarks
Bunuel
VERITAS PREP OFFICIAL SOLUTION:
Solution: C
Watch out for the child’s sneaky math: if he doesn’t have the $11,000 to pay his tax bill, how could he have already spent it? (C).
