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The county collects taxes on behalf of the county, city, and a special purpose district. For 2023, the taxes to be levied by the government
The county collects taxes on behalf of the county, city, and a special purpose district. For 2023, the taxes to be levied by the government are
County | $ 720,000 |
---|---|
City | 848,000 |
Special purpose district | 32,000 |
Total | $ 1,600,000 |
- On the date the taxes are collected, the county would credit which of the following in the fund?
multiple choice 1
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Due to Other Funds and Governments.
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Taxes Receivable.
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AdditionsProperty tax collections for other governments.
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Undistributed Taxes.
- To record the 1 percent administrative fee the county assesses, it would record a debit to which of the following in the fund?
multiple choice 2
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DeductionsAdministrative fee.
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ReceivableAdministrative fee.
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ExpensesAdministrative fee.
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Due to County.
- If the fund collected $1,280,000 in taxes what amount of cash would the special purpose district receive if taxes are proportionally distributed?
multiple choice 3
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$25,600.
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$25,344.
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$25,856.
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Not enough information to determine amount received.
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