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

The chart was developed using Kids Zone, an 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 in-come 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.

Transcribed Image Text:

Annual Revenue State of Georgia Corporate - 8.31% Other 0.9% License 2.9% Sales 44.54% Income 43.34%