The tax agency fund of Orange County collected $9,000,000 for a school district, $4,000,000 for the county General Fund, and $8,000,000 for a municipality located in the County. County General Fund employees handle the collections, and a 2.5 percent collection fee is charged all units except the county. The total amount of revenue recognized by the county General Fund would be:

Question

Quizplus · Accepted Answer

$4,000,000 collected for the General Fund + $425,000 collection fee = 4,425,000. The collection fee is the $9,000,000 collected for the school district plus $8,000,000 collected for the county) * .025 = $425,000

The Tax Agency Fund of Orange County Collected $9,000,000 for a School