The chart below summarizes Ralph's annual expenses for the upcoming year. Based on the information in the graph, approximately w
hat percent of his total budget will be for federal taxes? a. 6% b. 18% c. 30% d. 36%
2 answers:
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
Hence, The Federal taxes of total budget is 30%
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.
Hence, the correct option is C) 30%
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