PRACTICE TEST FOUR READING PART VII C OXFORD PRACTICE TEST FOR TOEIC

OXFORD PRACTICE TEST FOR TOEIC

PRACTICE TEST FOUR

READING

PART VII C

Directions: In questions 161-200 are based on selection of reading materials, such as notices, letters, forms, newspaper and magazine articles, and advertisements. You are to choose the one best answer (A), (B), (C), or (D) to each question. Then, on your answer sheet, find the number of the question and mark your answer. Answer all questions following each reading selection on the basis of what of what is stated or implied in that selection. Read the following example. The Museum of Technology is a ‘hands-on’ museum, designed for people to experience science at work. Visitors are encouraged to use, test, and handle the objects on display. Special demonstrations are scheduled for the first and second Wednesdays of each month at 13:30. Open Tuesday-Friday, 12:00-16:30, Saturday 10:00-17.30, and Sunday 11:00-16:30. When during the month can visitors see special demonstrations? (A) Every weekend (B) The first two Wednesdays (C) One afternoon a week (D) Every other Wednesday The reading selection says that the demonstrations are scheduled for the first and second Wednesdays of the month. Therefore, you should choose answer (B). Now begin work on the questions.

Questions 178-182 refer to the following notice.

AUGUST 1-14: TWO-WEK SALES AND USE TAX EXEMPTION ON GARMENTS The tax law has been changed to allow for another two-week exemption from North Carolina State’s 3% sales and use taxes for certain garments. However, the latest amendment differs considerably from the same type of sales exemption that took place at the beginning of the year. This exemption does NOT apply to footwear. The new two-week exemption only applies to purchases of garments. Additionally, this latest exemption is limited to purchases with a cost of less than $100 per item, whereas the previous exemption had a cost limitation of $500.

Although a suit could sell for $200, it could be broken down into $100 for the jacket and $100 for the pants, thus enabling the buyer to meet the $100 requirement. This will be the last exemption of this kind this year. The exemption applies to most clothing, assuming it is to be worn by human beings. Fabric, yarn, buttons, zippers, etch., are also covered, provided that these notions are actually part of the clothing itself. Although jewelry, watches, hats, etc., are worn on the body, they will remain taxable as under the previous exemption rules.

178	What is this exemption compared to?		181	What could be bought under exemption at the beginning of the year but no longer?
	(A)	North Carolina’s taxes		(A)	Jewelry
	(B)	Sales exemptions		(B)	Watches
	(C)	A previous exemption		(C)	Hats
	(D)	Longer exemptions		(D)	Shoes
179	How many weeks have been exempt this year?		182	Which garment items would not be covered by the exemption?
	(A)	Two		(A)	Yarn to repair a shawl
	(B)	Four		(B)	Buttons for a winter coat
	(C)	Six		(C)	a HEAD SCARF
	(D)	Eight		(D)	Dress-making fabric
180	What is the difference in cost limitation since the beginning of the year?
	(A)	$100
	(B)	$200
	(C)	$400
	(D)	$500

Questions 182-185 refer to the following financial chart.

183	What figure includes property, plant and equipment for year 2?		185	What figure represents the total liabilities in Year 2?
	(A)	$2,232		(A)	$1,863
	(B)	$7,890		(B)	$7,890
	(C)	$14,913		(C)	$14,913
	(D)	$27,124		(D)	$27,124
184	How much money did the company have at their ready disposal in Year 1?		186	What percentage did profits on sales drop over the two years?
	(A)	$134		(A)	15%
	(B)	$1,862		(B)	18%
	(C)	$2,845		(C)	35%
	(D)	$5,256		(D)	440%

ANSWER KEY

178	C
179	B
180	C
181	D
182	C
183	D
184	B
185	C
186	D