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On December 1 , 2 0 2 5 , a school district levies taxes for the fiscal year running January 1 , 2 0 2

On December 1,2025, a school district levies taxes for the fiscal year running January 1,2026 to December 31,2026.
Total Levy =$2,000,000
% Estimated Uncollectible =2%
Collected December 2025: $550,000
Collected February 2026: $600,000
What is the amount of the December 2025 collections that can be reported for the fiscal year ending December 31,2025?
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