Question

The chart below summarizes Ralph's annual expenses for the upcoming year. Based on the information in the graph, approximately what percent of his total budget will be for federal taxes?  a. 6% b. 18% c. 30% d. 36%

Answer 1

Answer:

The Federal taxes of total budget is 30%

C is correct.

Step-by-step explanation:

The chart below summarizes Ralph's annual expenses for the upcoming year.

We need to find the percentage for federal taxes.

First we find total annual budget from chart. We will add all the taxes.

Total annual budget = Federal taxes + State tax + Housing +  Food + Medical +  

                                     Transportation + Recreation

Total Annual Budget = 18380 + 3448 + 15000 + 4880 + 6652 + 4332 + 3500 +

                                       3260 + 1750

                                  =  61202

Total Annual Budget = $61,202

           Federal Taxes =  $18,380

Now, we will find the percentage of federal taxes.

            % of federal taxes $=\dfrac{18380}{61202}\times 100$

                                           $=30.03\approx 30\%$

Hence, The Federal taxes of total budget is 30%

Answer 2

Answer:

The correct option is C) 30%

Step-by-step explanation:

Consider the provided chart.

Her total expense is:

= Fed taxes + State tax + Housing +  Food + Medical + Transportation + Recreation + other

According to chart Federal taxes = $18,380

State tax  = $3,448

Housing and household = $15,000

Food = $4,880

Medical care = $6,652

Transportation = $4,332

Recreation = $3,500

Other = $3260+$1750 = $5010

Total Annual Budget = $18,380 + $3,448 + $15,000 + $4,880 + $6,652 + $4,332 + $3,500 + $5010

Total Annual Budget = 61202

Now we need to find the percent of federal taxes.

$\frac{18380}{61202} \times 100\approx30.03$

Hence, the correct option is C) 30%