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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
  1. On the date the taxes are collected, the county would credit which of the following in the fund?

multiple choice 1

  • Due to Other Funds and Governments.

  • Taxes Receivable.

  • AdditionsProperty tax collections for other governments.

  • Undistributed Taxes.

  1. 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

  • DeductionsAdministrative fee.

  • ReceivableAdministrative fee.

  • ExpensesAdministrative fee.

  • Due to County.

  1. 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

  • $25,600.

  • $25,344.

  • $25,856.

  • Not enough information to determine amount received.

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