Local Technology is an IT services company focused on building businesses through leveraging the best technology solutions.
The answer to this question is C. 401k Plan
In 401k plan, employees could automatically deduct some part of their earning to be allocated to their retirement fund.
This deducted earning are considered pre-tax, so the total tax that employees will have to pay is based on the amount of the earning after the deduction.
It’s either c or d they make the most science honestly I’d say d tho
Answer:
84.29%
Explanation:
Quarterly tax revenue collected = $70 billion
Thus,
annual tax revenue collected = $70 billion × 4
= $280 billion
Total amount allocated = $15 billion + $29 billion
= $44 billion
Therefore,
Percentage of annual tax revenue allocated
= [ $44 billion ÷ $280 billion ] × 100%
= 15.71%
Hence,
Percentage of its total annual tax revenue is left for allocation to the remaining categories of government spending
= 100% - 15.71%
= 84.29%
