During 2014,a State Has the Following Cash Collections Related to State

question 37

Multiple Choice

During 2014,a state has the following cash collections related to state income taxes $\begin{array}{ll} \text { Payroll withholdings and estimated payments related to 2014 income } &\$ 360 \\ \text {4 / 15 / 14 Balance of 2013 net of \$ 10 refunds) income taxes } &\$ 40 \\ \text {1 / 15 / 15 payroll withholdings and estimated payments related to 2014 income } &\$ 30 \\ \text { 2 / 15 / 15 payroll withholdings and estimated payments related to 2014 income } &\$ 35 \\ \text { 3 / 15 / 15 payroll withholdings and estimated payments related to 2015 income} &\$ 25 \\ \text { 4 / 15 / 15 Balnce of 2014 net of \$ 5 refunds) income taxes } &\$ 45 \\\end{array}$ Assuming that the state defines "available" as the maximum period allowable for property taxes,what is the amount of revenue that will be recognized in the 2014 government-wide financial statements related to state income taxes?

• A)$400.
• B)$475.
• C)$430.
• D)$465.

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Definitions:

Union Wages

Wages that are negotiated by labor unions on behalf of their members, typically resulting in higher pay and better benefits compared to non-union wages.

Union Jobs

Positions of employment that are represented by a labor union, offering workers collective bargaining rights with their employers regarding wages, benefits, and working conditions.

Allocation Of Labor

The distribution of labor resources among different tasks, jobs, or industries to maximize efficiency or output.