A government collects $700 billion annually in tax revenue. Each year it allocates $70 billion to the justice system and $130 billion for its own administrative costs. What percentage of annual tax revenue is allocated to these two categories of government spending?
A. 37.15%
B. 28.57%
C. 17.51%
D. 27.58%
Answer:B
A government collects $700 billion annually in tax revenue. Each year it allocates $70 billion to the justice system and $130 billion for its own administrative costs. What percentage of annual tax revenue is allocated to these two categories of government spending?
A. 37.15% B. 28.57% C. 17.51% D. 27.58%
Explanation: Type: Multiple Choice