Final answer:
In 2014, state and local governments spent around $840 billion on education, while the federal government contributed $100 billion. Education spending has increased notably through 2010, but this did not lead to significant improvements in student academic achievement as per standardized tests.
Step-by-step explanation:
The question pertains to the total amount spent on education, more specifically on taxation tutorial.
Referring to the provided data, in fiscal year 2014, state and local governments spent about $840 billion on education, including K-12 and college and university education.
In contrast, the federal government contributed around $100 billion. Consequently, most education spending (approximately 90%) occurs at the state and local levels, as indicated by Figure 17.6 and Figure 18.9 from the graphs provided.
It is also important to note that although spending on education has increased substantially in real dollars through 2010, with spending per pupil rising from $5,001 in 1998 to $10,608 in 2012,
these increases have not translated into commensurate improvements in student academic achievement, including standardized test scores like the SAT and performance on international tests.