| Author |
Message |
|
gurvindersingh2004
|
Post subject: Legislation to reduce Tax benefits Posted: Sun Apr 10, 2011 6:01 am |
|
 |
| Students |
|
|
Posts: 24
|
|
SOURCE: PrincetonReview
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 were 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. ***********************************************************************OA D****************************************************************************************888888 Could Some expert please help me find out why A is not the correct answer
|
|
 |
|
 |
|
tim
|
Post subject: Re: Legislation to reduce Tax benefits Posted: Wed Apr 20, 2011 2:54 pm |
|
 |
| ManhattanGMAT Staff |
|
|
Posts: 2242 Location: Southwest Airlines, seat 21C
|
|
Use the negation technique as described in the assumptions chapter of our CR strategy guide. If an assumption is necessary, negating it should cause the argument to crumble. The negation of A is that savings accounts are NOT the only source of funding. Assuming this does not ruin the conclusion that students will have difficulty covering their costs, so A is not the answer we are looking for..
BTW in case you are wondering how D is the correct answer given this analysis, please note that i am not defending D as an answer - it fails for the same reasons. i think the question is flawed, and that's why you should stick to more reliable sources for practice questions..
_________________ Tim Sanders Manhattan GMAT Instructor
|
|
 |
|
 |
|
pawar.abhishek
|
Post subject: Re: Legislation to reduce Tax benefits Posted: Fri Aug 05, 2011 6:10 am |
|
 |
| Students |
|
|
Posts: 7
|
|
Seems like C is the right answer.What is the OA?
|
|
 |
|
 |
|
jnelson0612
|
Post subject: Re: Legislation to reduce Tax benefits Posted: Fri Aug 26, 2011 10:11 pm |
|
 |
| ManhattanGMAT Staff |
|
|
Posts: 1857
|
|
pawar, the stated original answer is D.
_________________ Jamie Nelson ManhattanGMAT Instructor
|
|
 |
|
 |
|