Reasoning - Logical Reasoning:

Logical Reasoning

MCQ - 162-8114

Question:

To complain that the rich are unfairly treated by our tax laws is preposterous. It is the rich who rely most on tax-free income. It is the rich who make use of the loopholes in the tax laws. And it is the richest 5% of the population that controls 95% of the nations’ wealth.

Which of the following, if true, best supports the claim above?

A fundamental principal of wealth is the use of its power to maintain its wealth.
The chances of an income tax audit are higher as taxable income increases.
The tax upon capital gains has risen twice in the last decade.
The chances of an income tax audit are higher as taxable income increases.
Only the taxable income, not the real income, of the most affluent Americans is known.

Correct Answer: D

Explanation:

The passage is arguing that the rich are not treated unfairly. And if most of the money collected in taxes is used to protect or enhance wealth, the rich are the ones who profit from taxes after they have been collected.

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243 MCQ for effective preparation of the test of Logical Reasoning of Logical Reasoning section.

Read the MCQ statement: To complain that the rich are unfairly treated by our tax laws is preposterous. It is the rich who rely most on tax-free income. It is the rich who m .... im above? , keenly and apply the method you have learn through the video lessons for Logical Reasoning to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 162-8114.

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Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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