1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zheka24 [161]
3 years ago
13

A government collects $70 billion quarterly in tax revenue. Each year it allocates $15 billion to the justice system and $29 bil

lion for the administrative costs. What percentage of its total annual tax revenue is left for allocation to the remaining categories of government spending?
a.15.71%
b.37.15%
c.84.29%
d.62.85%
Business
2 answers:
olga nikolaevna [1]3 years ago
7 0

Answer:

The answer is B) 37.15%

Explanation:

We have $70 billion which is collected. We have already allocated $15 billion and $29 billion to the justice systems and administrative costs respectively.

We're left with $26 billion.   (70 - 15 - 29)

We now need to express 26 as a percentage of 70.

We do this by dividing 26 by 70 and multiplying it by a 100

26/70 x 100 = 37,14% is therefore left over to allocate to the other categories of government spending

The answer is therefore B.

Andrew [12]3 years ago
6 0

Answer:

c.84.29%

Explanation:

We been given the following

Quarterly tax revenue collected = $70 billion

To calculate the percentage of its total annual tax revenue is left for allocation to the remaining categories of government spending we the following method

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 will

= [ $44 billion ÷ $280 billion ] × 100

=1.57×100%

= 15.71%

Percentage of its total annual tax revenue is left for allocation to the remaining categories will be subtracting annual percentage tax revenue allocated from 100% , which we have as;

= 100% - 15.71%

= 84.29%

You might be interested in
Bonnie is writing a cover letter for a job application. She has written the introduction describing her strengths. However, she
Anna35 [415]
They should talk avout why they should be jired for the job and why thw want the job.
6 0
3 years ago
Read 2 more answers
The federal reserve's target rate for the federal funds rate is an extra policy tool for the central bank, in addition to and in
blondinia [14]

Answer:

Commits the fed to set a particular money supply so that it hits the announced target

Explanation:

The target rate and money supply need to be alligned for the FED to achieve its goals.

8 0
3 years ago
When an organization evaluates people based on the economic or productive potential of their knowledge, experience, and actions
Kryger [21]

Answer:

Human Capital.

Explanation:

When an organization evaluates people based on the economic or productive potential of their knowledge, experience, and actions they are viewing them as human capital which is termed as an intangible asset for any organization but not present on an organization's balance sheet. Human capital is the economic value of the employees skills, expertise and experience which comprises of their training, education, health, intelligence, punctuality, values, ethics, corporate citizenship and loyalty etc.

5 0
3 years ago
Heedy Winery accumulates the costs incurred in the labeling process in an activity cost pool. Costs for the labeling process are
klasskru [66]

Answer:

$80,000

Explanation:

The computation of allocation labeling expenses is shown below:-

Overhead rate = Labeling process cost ÷ Labels generated

$320,000 ÷ $640,000

= $0.5 per label

Allocation labeling expenses = Wine estimated bottles × Overhead rate

= $160,000 × $0.5

= $80,000

Therefore for computing the allocation labeling expenses we simply applied the above formula.

6 0
3 years ago
Marcus is the director of a small company in Boston. He is trying to obtain parts from a manufacturer in Taiwan but that company
kozerog [31]

Answer:

The correct answer is:  bribery.

Explanation:

Bribery involves an illegal activity where a reward is offered from one party to another(s)  in order to provoke certain favorable behavior. Normally, the bribes are offered to public officials or high range executives to avoid legal responsibilities, or undesired laws or to change the payee point of view on a certain matter being discussed where substantial profits can be obtained.

6 0
3 years ago
Read 2 more answers
Other questions:
  • Expected return is defined as _____. A. the summed value of each possible rate of return weighted by its probability B. the summ
    13·1 answer
  • Which ethical standard is based on the notion that life in community yields a positive outcome for the individual, requiring eac
    12·1 answer
  • “Choosing is Refusing” means individuals face an opportunity cost with each decision they make. Explain this further.
    12·1 answer
  • It's helpful to write a company's mission statement in what way? A. By comparing the company's products to its competitors B. By
    13·1 answer
  • Accrual accounting is used because Group of answer choices cash flows are considered less important. it provides a better indica
    8·1 answer
  • On which kinds of goods do governments generally place price ceilings?
    7·2 answers
  • Please help this is for economics
    11·1 answer
  • A work system has five stations that have process times of 5, 9, 4, 9, and 8. What is the bottleneck time
    9·1 answer
  • When a manufacturer directs the promotional mix to final customers to gain their attention and build demand for the product, it
    6·1 answer
  • Market failure describes a situation in which the market itself ________ in a way that balances social costs and benefits.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!