The tax agency fund of Eden County collected $1,400,000 for the Eden School District, $700,000 for the Village of Edenton, $840,000 for the Eden Park District, and $490,000 for Eden County. County General Fund employees handle the collections, and a 3 percent collection fee is charged all units except the county. How much revenue should be recognized by the General Fund as a result of these collection activities?

Question

Quizplus · Accepted Answer

$1,400,000 collected for the Eden School District + $700,000 collected for the Village of Edenton + $840,000 collected for the Eden Park District) * .03 collection fee % = $88,200.

The Tax Agency Fund of Eden County Collected $1,400,000 for the Eden