The source of federal government revenue for a specific year is 50% from individual income taxes 32%

Question:

The source of federal government revenue for a specific year is

50% from individual income taxes
32% from social insurance payroll taxes
10% from corporate income taxes
3% from excise taxes
5% other

If a revenue source is selected at random, what is the probability that it comes from individual or corporate income taxes?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Elementary Statistics A Step By Step Approach

ISBN: 9781259755330

10th Edition

Authors: Allan G. Bluman

See More Books

Question Posted: Jul 30, 2018 11:35 AM

See More Questions

For a specific year, the median price of natural gas was $10.86 per 1000 cubic feet. A researcher wishes to see if there is enough evidence to reject the claim. Out of 42 households, 18 paid less...
The IRS examined approximately 1% of individual tax returns for a specific year, and the average recommended additional tax per return was $19,150. Based on a random sample of 50 returns, the mean...
The number of dollars a person receives in a year is referred to as his or her monetary (or money) income. This figure can be adjusted to reflect the purchasing power of the dollars received relative...
Suppose the United States imposes a tariff on imported sugar. What are the consequences of this on consumers, domestic and foreign producers, and land use?
Flynn Design was founded by Kevin Flynn in January 2014. Presented below is the adjusted trial balance as of December 31, 2019. Instructions a. Prepare an income statement and a retained earnings...
Accounting income has elements of both permanent income and economic income. Explain this statement.
Fiona lost her pet dog and told Mary, If you find my dog and return him to me, Ill pay you $$200.$ Mary said nothing in response but found the dog and returned him. Fiona refused to pay because...
Kretz Corporation prepares monthly financial statements and therefore adjusts its accounts at the end of every month. The following information is available for March 2010: a. Kretz Corporation takes...
The correct syntax of the re . sub ( ) function is re . sub ( string , replacement, pattern ) re . sub ( pattern , string, replacement ) re . sub ( replacement , pattern, string ) re . sub ( pattern...
The City of Monroe maintains a Water and Sewer Fund to provide utility services to its citizens. As of January 1, 2017, the City of Monroe Water and Sewer Fund had the following account balances:...
A person flipped a coin 100 times and obtained 73 heads. Can the person conclude that the coin was unbalanced?
One of the air pollutants that is measured in selected cities is sulfur dioxide. This pollutant occurs when fossil fuels are burned. This pollutant is measured in micrograms per cubic meter...
A major bank collected data on 100,000 of its customers (income, sex, location, number of cards, etc.) and then computed how much profit it made from the account of these customers during 2010. (a)...
Given that the acceleration due to gravity is $0.0500 \mathrm{~m} / \mathrm{s}^{2}$ at the surface of a spherical asteroid that has a radius of $3.75 \times 10^{4} \mathrm{~m}$, determine the...
Assume youre interested in investing in gold to protect against an expected significant decline in consumer confidence and securities values. a. Isolate and evaluate the various alternatives for...
(a) As a spacecraft travels along a straight line from Earth to the Moon, at what distance from Earth does the force of gravity exerted by Earth on the coasting spacecraft cancel the force of gravity...
If the matter that makes up a planet is distributed uniformly so that the planet has a fixed, uniform density, how does the magnitude of the acceleration due to gravity at the planet surface depend...
How far above the surface of Earth do you have to go before the acceleration due to gravity drops by $0.10 \%$, $1.0 \%$ and $10 \%$ ?
On January 14, 2012, Andrew Brown of Great Britain set the world record time (40 days) for rowing solo across the northern Atlantic Ocean. On March 14, 2010, Katie Spotz of the United States became...
As economic conditions change, how do banks adjust their asset portfolio?
Use a fast-food restaurant to compile your data. For each menu item note its fat grams and its total calories. Is there a linear relationship between the two variables? How much variance in total...
What is the symbol for the slope? For the y intercept?
Determine whether each statement is true or false. If the statement is false, explain why. When the correlation coefficient is significant, you can assume x causes y.
According to the context, what is changing HR Professionals' ability to track talent costs?
Have a look at the SuperChem VR company's Chemistry Lab Simulator. The owner of SuperChem VR is preparing his pitch deck for an important investor. He aims to expand his AR/VR services company in the...
What led the Department of Health and Human Services and CMS to implement a new prospective payment system across all types of care?

The source of federal government revenue for a specific year is 50% from individual income taxes 32%

Question:

Step by Step Answer:

Pindivi...View the full answer

Elementary Statistics A Step By Step Approach

Students also viewed these Mathematics questions