A government annually allocates $5 billion of its total tax revenue to weather related disaster relief, $21 billion to healthcare and $11 billion to education. If the government’s quarterly tax revenue is $33 billion, what percentage of its budget is allocated annually to healthcare?
A. 17.50%
B. 63.63%
C. 25.00%
D. 15.90%
Answer:D
A government annually allocates $5 billion of its total tax revenue to weather related disaster relief, $21 billion to healthcare and $11 billion to education. If the government’s quarterly tax revenue is $33 billion, what percentage of its budget is allocated annually to healthcare?
A. 17.50% B. 63.63% C. 25.00% D. 15.90%
Explanation: **This question has a higher degree of difficulty because students must calculate total annual revenue based on tax revenue collected quarterly prior to calculating the percentage annually allocated to healthcare.