1
AssignmentMultiple Choice

Taxes

Question 1 • * HSA 26-27 Economics

Of all tax returns filed electronically, 0.05% contain errors, but 20% of all tax returns filed manually contain errors. If 3.3 million tax returns are filed each way, how many more manually filed returns containing errors will there be than electronically filed returns containing errors?

Answer
A
330,825
B
643,500
C
321,750
D
658,350

Explanation

Manually filed returns with errors: 20% of 3,300,000 is 660,000. Electronically filed returns with errors: 0.05% of 3,300,000 is 1,650. The difference is 660,000 − 1,650 = 658,350, so the answer is D, 658,350.

AI-written and checked against the verified answer.

Next