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]
2 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]2 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]2 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
Sales to customers who use bank credit cards such as mastercard and visa are usually recorded by:a. Debit to Cash and a credit t
algol13

Answer:

c. Debit to Bank Credit Card Sales, debit to Credit Card Expense, and a credit to Sales

Explanation:

The journal entry is shown below:

Bank credit card sales A/c Dr XXXXX

Credit card expense A/c Dr XXXXX

       To Sales A/c XXXXX

(Being the sales is recorded via bank credit cards)

As the credit card has some expense so we debited the credit card expense along with the bank credit card sales and credited the sales as it is revenue which is to be credited

4 0
3 years ago
Based on employment statistics for 2010, which ranks the number of jobs in these careers from least to greatest? Crop Production
NemiM [27]

Answer:

Elementary Education → Accounting → Pharmacy → Crop Production

Explanation:

According to the employment statistics, Elementary education employs the least, and Crop production employs the largest number.

3 0
3 years ago
Last month a company had net sales revenues of $10,000; Cost of goods sold of $4,000; other operating expenses of $3,000; non-op
Pie

Answer:

The correct answer is B. 6.000

Explanation:

Gross profit only includes Sales Revenues and cost of goods sold. So you have to ignore all others. In this case the solution is given for  Sales Revenues 10.000 -  cost of goods sold 4.000 = Gross profit 6.000. Hope it helps

6 0
3 years ago
When a country that imports shoes imposes a tariff on shoes, buyers of shoes in that country become worse off.
blondinia [14]
It is true because a country that imports a tariff on shoes buyers of shoes in that country don’t do well so the answer would be True
7 0
2 years ago
One year of college tuition at a state school is about the same cost as a toyota camry. this is an example of:
Galina-37 [17]

Correct option: real value

The real value is the value of something (any product or service) in terms of other product or service while Nominal value is the value of something in terms of money. Here the value of college tuition which is a service is equal to the cost of Toyota Camry which is a product. Since the value of a service is equal to the value of a product, this is an example of real value.



7 0
3 years ago
Read 2 more answers
Other questions:
  • How does the Federal Reserve reduce the money supply in the economy?
    12·2 answers
  • The given treasury bill was sold in april of this year. find (i) the price of the t-bill, and (ii) the actual interest rate paid
    13·1 answer
  • Which of the following funds of a governmental unit uses the same basis of accounting as an enterprise fund?
    10·1 answer
  • You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $1.50 a share at the end
    10·1 answer
  • Sadie is buying new furniture that costs $560. which is the most cost-effective option? a: credit card with an apr of 18 percent
    7·1 answer
  • Development of most new drugs, from discovery to marketing approval, usually takes ________.
    11·1 answer
  • Ejercicios para la actividad 7.
    6·1 answer
  • A parent returns home for the evening and uses different smart devices to help the children with homework, turn on the oven, run
    9·2 answers
  • FCIA deduction consists of
    13·1 answer
  • the excluding organization, the passive club, and token acceptance symbolic equity, substantial equity, and the including organi
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!