Question

1. The tax collection custodial fund of Fair Haven County collected $1,050,000 for the Fair Haven School District, $500,000 for the Village of Fair Haven, $600,000 for the Fair Haven Park District, and $375,000 for Fair Haven County. County General Fund employees handle the collections, and a 3.5% 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?

$70,875.

$75,250.

$67,375.

$88,375.

Answer 1

As per the given question asked

Total Revenue collected
FAir HAven school	1050000
Village of fair haven	500000
Fair haven District	600000
Fair haven county	350000
Total amount		2500000
Tax collected @3.5%
Tax to be collected on amount #3		2150000
Tax collection fee @ 3.5% of 2150000		75250

Right answer is $75250

## As Amount is to be collected on FAir HAven school ,Village of fair haven and  Fair haven District , on Fair haven county tax collection fee of 3.5% is not collected so its total collection fee 2500000-350000 (fair even county)=2150000