Problem: Until 18 December 2010, Eton College was an exempt charity under English law (Charities Act 1993, Schedule 2). Under the provisions of the Charities Act 2006, it is now an excepted charity, and fully registered with the Charities Commission, and is now one of the 100 largest charities in the UK. As a charity, it benefits from substantial tax breaks. It was calculated by the late David Jewell, former Master of Haileybury, that in 1992 such tax breaks saved the School about £1,945 per pupil per year, although he had no direct connection with the School. This subsidy has declined since the 2001 abolition by the Labour Government of state-funded scholarships (formerly known as "assisted places") to independent schools. However, no child attended Eton on this scheme, meaning that the actual level of state assistance to the School has always been lower. Eton's retiring Head Master, Tony Little, has claimed that the benefits that Eton provides to the local community free of charge (use of its facilities, etc.) have a higher value than the tax breaks it receives as a result of its charitable status. The fee for the academic year 2010–2011 was £29,862 (approximately US$48,600 or €35,100 as of March 2011), although the sum is considerably lower for those pupils on bursaries and scholarships.
How much did estimated tax breaks save per student in 1992?
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Answer: £1,945 per pupil per year


Problem: At present, plans are being considered for building a new dual carriageway west of Strasbourg, which would reduce the buildup of traffic in that area by picking up north and southbound vehicles and getting rid of the buildup outside Strasbourg. The line plans to link up the interchange of Hœrdt to the north of Strasbourg, with Innenheim in the southwest. The opening is envisaged at the end of 2011, with an average usage of 41,000 vehicles a day. Estimates of the French Works Commissioner however, raised some doubts over the interest of such a project, since it would pick up only about 10% of the traffic of the A35 at Strasbourg. Paradoxically, this reversed the situation of the 1950s. At that time, the French trunk road left of the Rhine not been built, so that traffic would cross into Germany to use the Karlsruhe-Basel Autobahn.
The dual carriageway would link what interchange to the left of the Rhine?
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Answer: unanswerable


Problem: Early releases of the Washington coin included error coins shipped primarily from the Philadelphia mint to Florida and Tennessee banks. Highly sought after by collectors, and trading for as much as $850 each within a week of discovery, the error coins were identified by the absence of the edge impressions "E PLURIBUS UNUM IN GOD WE TRUST 2007 P". The mint of origin is generally accepted to be mostly Philadelphia, although identifying the source mint is impossible without opening a mint pack also containing marked units. Edge lettering is minted in both orientations with respect to "heads", some amateur collectors were initially duped into buying "upside down lettering error" coins. Some cynics also erroneously point out that the Federal Reserve makes more profit from dollar bills than dollar coins because they wear out in a few years, whereas coins are more permanent. The fallacy of this argument arises because new notes printed to replace worn out notes, which have been withdrawn from circulation, bring in no net revenue to the government to offset the costs of printing new notes and destroying the old ones. As most vending machines are incapable of making change in banknotes, they commonly accept only $1 bills, though a few will give change in dollar coins.
How much were error coins initially worth for collectors?
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Answer:
profit