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Business, 04.04.2020 05:48 shamiya15

During fiscal 2020, $30,000 in cash is collected on fiscal 2019 taxes and the remainder are written off. The town levies fiscal 2020 property taxes in the amount of $1,000,000. It estimates that uncollectible property taxes for 2020 are $25,000. Cash collected for 2020 property taxes is $940,000. $15,000 of the remaining uncollected 2020 taxes are expected to be collected early in fiscal 2021. What are property tax revenues for fiscal 2020

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