Answer:
15.90%
Explanation:
TO calculate the percentage of its budget is allocated annually to healthcare we need to calculate total tax revenue in a year by multiplying the quarterly tax revenue by 4. and then divide the health care allocation percentage by dividing the amount of health care by total tax revenue in a year.
Quarterly tax revenue = $33 billion
Number of quarters in a year = 4
Yearly tax revenue = $33 billion x 4 = $132 billion
Annual allocation to healthcare = $21 billion
Annual allocation to healthcare = ($21 billion/$132 billion) x 100
Annual allocation to healthcare = 15.90%
