The tax agency fund of Eden County collected $2,000,000 for the Eden School District, $1,000,000 for the Village of Edenton, $1,200,000 for the Eden Park District and $700,000 for Eden County. County General Fund employees handle the collections and a 2 percent collection fee is charged all units except the county. The amount to be remitted to the county General Fund would be:

Question

Quizplus · Accepted Answer

The amount collected for the County General Fund is $700,000. However, a 2% collection fee is charged for all units except the county.

Therefore, the total amount collected from the other units is: 
$2,000,000 + $1,000,000 + $1,200,000 = $4,200,000

2% of $4,200,000 is $84,000.

So, the amount to be remitted to the county General Fund is: 
$700,000 + $84,000 = $784,000

Therefore, the correct answer is B) $784,000.

The Tax Agency Fund of Eden County Collected $2,000,000 for the Eden