The county collects taxes on behalf of the county, city, and a special purpose district. For 2023, the taxes to be levied by the government are County $ 720,000
City 848,000
Special purpose district 32,000
Total $ 1,600,000
On the date the taxes are collected, the county would credit which of the following in the fund?
Due to Other Funds and Governments.
Taxes Receivable.
Additions—Property tax collections for other governments.
Undistributed Taxes.
To record the 1 percent administrative fee the county assesses, it would record a debit to which of the following in the fund?
a. Deductions—Administrative fee.
b. Receivable—Administrative fee.
c. Expenses—Administrative fee.
d. Due to County.
If the fund collected $1,280,000 in taxes what amount of cash would the special purpose district receive if taxes are proportionally distributed?
a. $25,600.
b. $25,344.
c. $25,856.
d. Not enough information to determine amount received.