Select all the correct answers.
1 answer:
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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%