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To determine her state income tax last year, Elena computed 5 percent of her gross income, rounded the resulting figure

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by AAPL » Thu Jan 28, 2021 2:21 am

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To determine her state income tax last year, Elena computed 5 percent of her gross income, rounded the resulting figure down to the nearest $100, and subtracted $50 for each dependent that she claimed. If Elena's gross income was $34,500 and she claimed 2 dependents, how much did she determine her state income tax to be?

A. $1,600
B. $1,625
C. $1,650
D. $1,675
E. $1,700

OA A
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Re: To determine her state income tax last year, Elena computed 5 percent of her gross income, rounded the resulting fig

by Brent@GMATPrepNow » Thu Jan 28, 2021 5:56 am
AAPL wrote: ↑
Thu Jan 28, 2021 2:21 am
 GMAT Prep

To determine her state income tax last year, Elena computed 5 percent of her gross income, rounded the resulting figure down to the nearest $100, and subtracted $50 for each dependent that she claimed. If Elena's gross income was $34,500 and she claimed 2 dependents, how much did she determine her state income tax to be?

A. $1,600
B. $1,625
C. $1,650
D. $1,675
E. $1,700

OA A
Elena computed 5 percent of her gross income, rounded the resulting figure down to the nearest $100....
10% of $34,500 = $3450
So, 5% of $34,500 = $1725
Rounded DOWN to the nearest $100, $1725 becomes $1700

... and subtracted $50 for each dependent that she claimed.
Elena has 2 dependents
So, we subtract a total of $100

$1700 - $100 = $1600

Answer: A

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Brent
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Re: To determine her state income tax last year, Elena computed 5 percent of her gross income, rounded the resulting fig

by Scott@TargetTestPrep » Wed Feb 03, 2021 9:15 am
AAPL wrote: ↑
Thu Jan 28, 2021 2:21 am
 GMAT Prep

To determine her state income tax last year, Elena computed 5 percent of her gross income, rounded the resulting figure down to the nearest $100, and subtracted $50 for each dependent that she claimed. If Elena's gross income was $34,500 and she claimed 2 dependents, how much did she determine her state income tax to be?

A. $1,600
B. $1,625
C. $1,650
D. $1,675
E. $1,700

OA A
Solution:

First of all, 5% of $34,500 is 34,500 x 0.05 = $1,725. Rounded down to the nearest $100 yields $1,700. Finally, because she has 2 dependents, she can deduct 50 x 2 = $100. Therefore, her state income tax is 1,700 - 100 = $1,600.

Answer: A

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