Respuesta :
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%
The percentage of its total annual tax revenue is left for allocation to the remaining categories of government spending is 84.29%.
- The calculation is as follows;
Annual tax revenue collected is
= $70 billion × 4
= $280 billion
Now
Total amount allocated = $15 billion + $29 billion
= $44 billion
Now the percentage of annual tax revenue allocated will be
= [ $44 billion ÷ $280 billion ] × 100
=1.57×100%
= 15.71%
ANd, finally the percentage is
= 100 - 15.71%
= 84.29%
Learn more: brainly.com/question/17429689
