rhirhi5242 rhirhi5242

13-06-2020
Business

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A government collects $600 billion annually in tax revenue. Each year it allocates $35 billion to healthcare and $50 billion for education. What percentage of annual tax revenue is allocated to these two categories of government spending?

Respuesta :

tochjosh tochjosh

13-06-2020

Answer:

14.17%

Explanation:

Annual tax revenue = $600 billion

Allocation for healthcare = $35 billion

Allocation for education = $50 billion

total allocation for healthcare and education = ($35 + $50) billion = $85 billion

percentage of these two categories of government spending to the total revenue generated is,

85/600 x 100% = 14.17%

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