contestada

Ralph’s annual expenses for the upcoming year are summarized in the chart below. based on the information in the graph, approximately what percent of his total annual income is ralph having withheld for taxes? a circle graph titled ralph's annual budget. federal taxes, 18,380 dollars; state taxes, 3,448 dollars; housing and household, 15,000 dollars; food, 4,880 dollars; medical care, 6,642 dollars; transportation, 4332 dollars; recreation, 3,500 dollars; clothing, 3,260 dollars; other, 1750 dollars. a. 6% b. 18% c. 30% d. 36%

Respuesta :

shubhamchouhanvrVT

The percentage of the annual budget withheld for taxes is 36%.

What is tax?

A compulsory contribution to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.

The total budget of Ralph

The total budget of Ralph is calculated as follows;

T = 1,750 + 3,260 + 3,500 + 4,332 + 6,652 + 4,880 + 15,000 + 3,448 + 18,380

T = $61,202

Total tax on Ralph's annual budget

Tax = 3,448 + 18,380

Tax = $21,828

The percentage of the annual budget withheld for taxes is calculated as follows;

[tex]=\dfrac{Tax}{Total\ Budget}\times 100[/tex]

[tex]=\dfrac{21.82}{61.20}\times 100[/tex]

The percentage of the annual budget =36%

To know more about tax follow

https://brainly.com/question/25783927

Otras preguntas