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?
A. 21.37%
B. 14.16%
C. 17.51%
D. 26.41%
Answer:B
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?
A. 21.37% B. 14.16% C. 17.51% D. 26.41%
Explanation: Type: Multiple Choice