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Statistics / Statistical Techniques in Business and Economics 15 / Chapter 2 / Problem 46

Statistical Techniques in Business and Economics | 15th Edition | ISBN: 9780073401805 | Authors: Douglas Lind, William Marchal, Samuel Wathen

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The following chart depicts the annual revenues, by type of tax, for the state of

Chapter 0, Problem 46

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QUESTION:

The following chart depicts the annual revenues, by type of tax, for the state of Georgia. The chart was developed using Kids Zone, a NCES, project. Their website is: nces.ed.gov/nceskids/createagraph/. a. What percentage of the state revenue is accounted for by sales tax and individual income tax? b. Which category will generate more revenue, corporate taxes or license fees? c. The total annual revenue for the state of Georgia is $6.3 billion. Estimate the amount of revenue in billions of dollars for sales taxes and for individual taxes.

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QUESTION:

The following chart depicts the annual revenues, by type of tax, for the state of Georgia. The chart was developed using Kids Zone, a NCES, project. Their website is: nces.ed.gov/nceskids/createagraph/. a. What percentage of the state revenue is accounted for by sales tax and individual income tax? b. Which category will generate more revenue, corporate taxes or license fees? c. The total annual revenue for the state of Georgia is $6.3 billion. Estimate the amount of revenue in billions of dollars for sales taxes and for individual taxes.

ANSWER:

Step 1 of 3

a. According to the pie chart, revenue generated by sales tax and the revenue generated by income tax= . So, share accounted by sales tax and income tax .

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