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 3 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 collection fee is 3% of $2,000,000 + $1,000,000 + $1,200,000 = $4,200,000 x 3% = $126,000. The amount to be remitted to the county General Fund would be $4,200,000 - $126,000 = $4,074,000.

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