The information that can be concluded from the pie chart is in 2018, more than one-fourth of the revenue collected for state and local governments in Florida came from sales taxes.
A pie chart is a circular graph that is used to show information. The circle is divided into sectors used to represent a numerical proportion. A pie chart adds up to 100%.
The pie chart in this question shows the sources of state and local revenue for Florida in 2018. The circle is divided into seven sectors that represent the sources of revenues.
The following can be deduced from the pie chart:
Excise taxes represent 1.2% of 100% of the circle. This is the smallest source of revenue for the state of Florida. Corporate income taxes represent 2% of the circle. Income from excise tax was less than income from corporate income taxes.
The sector that represents property tax is 13.7% and the sector that represents sales tax is 26.1%. Sales tax was a greater source of revenue when compared with property tax.
The proportion of sales tax to total revenue is 26.1%. This is more than 25%(1/4) of total revenue.
To find the amount of money you pay for tax, you have to multiply the price of the product by the percentage of the tax, then divide it by 100. in this case, 76x5.6=425.6/100=4.256 which is $4.26 (to the nearest cent)
