Latest Wipro Aptitude Question SOLUTION: The 38 corporations that filed Indian income tax returns showing a net income of more than hundred million rupees accounted for 53 percent of the total taxable income from foreign

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The 38 corporations that filed Indian income tax returns showing a net income of more than hundred million rupees accounted for 53 percent of the total taxable income from foreign sources reported on all tax returns. Sixty percent of the total taxable income from foreign sources came from the 200 returns reporting income from 10 or more countries. If the statements above are true, which of the following must also be true?
(a) Most of the total taxable income earned by corporations with net income above Rs. 100 million was earned from foreign sources (b) Wealthy individuals with large personal incomes reported 47 percent of the total taxable income from foreign sources (c) Income from foreign sources amounted to between 53 and 60 percent of all reported taxable income (d) Some of the corporations with net income above Rs. 100 million reported income from 10 or more countries

Asked In Wipro karthikpriya (13 years ago)

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