The General Fund levies property taxes in the amount of $1,000,000 for calendar year 2009 . It expects to collect $950,000 during the year, $30,000 in the first 60 days of the next year, and $15,000 during the rest of the next year
It does not expect to collect the remaining $5,000 . How much property tax revenue should it recognize for the year 2009?
a. $1,000,000
b. $980,000
c. $995,000
d. $990,000
b
Business
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