A City Levies a 2% Sales Tax That Is Collected

question 38

Multiple Choice

A City levies a 2% sales tax that is collected for them by the State.Sales tax must be remitted by the merchants to the State by the 20^th day of the month following the month in which the sale occurred.The State has a policy of remitting sales taxes to the City within 30 days of collection by the State.Cash received by the State related to sales tax is as follows: Amount received 1/20/00, applicable to December 1999 sales $ 50
Amount received 2/20/00, applicable to January 2000 sales $ 15
Amount received 3/20/00, applicable to February 2000 sales $ 10
Amount received during 2000 related to March-November 2000 sales $190
Amount received 1/20/01 for December 2000 sales $ 55
Amount received 2/20/01 for January 2001 $ 20
Amount received 3/20/01 for February 2001 $ 5
Assuming the City uses the same period to define "available" as the maximum period allowable for property taxes, what amount should it recognize as sales tax revenue in its government-wide financial statements for the fiscal year ended 12/31/00.

• A)$215.
• B)$265.
• C)$270.
• D)$275.

Acknowledge the limitations and capabilities of human sensory systems.

Grasp the significance of research and scientific methods in studying ESP.

Understand the role of genetics in sensory capabilities and limitations.

Understand the structure and function of sensory organs and their role in processing information.

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Definitions:

Major Depressive Disorder

A psychiatric disorder characterized by a persistent feeling of sadness or a lack of interest in external stimuli.

Neurotransmitters

Chemical messengers that transmit signals across a chemical synapse, from one neuron (nerve cell) to another target neuron, muscle cell, or gland cell.

Brain Cells

Specialized cells in the brain, including neurons and glial cells, which are responsible for processing and transmitting information throughout the body.

Disorganized Thinking

A state where an individual has trouble organizing their thoughts, often leading to difficulties communicating or making decisions.