Tax custodial funds

A. Are required to account for a governments collection and remittance of federal and state payroll taxes.

B. Are used by a countys assessor to compute the amount of taxes due on the properties contained within the county.

C. Are used to account for the collection and distribution of taxes when one government collects taxes for multiple funds and governments.

D. Are not allowed to charge for the services rendered to the various governmental funds and other governments.

Accounting for Governmental and Nonprofit Entities e 18