(Answered) The following chart depicts the annual revenues by type of

Accounting

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/.

2378_Annual Revenues.png

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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Taxation, Accounting

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