During 2011, a State Has the Following Cash Collections Related $\quad \$ 360$

question 12

Multiple Choice

During 2011, a state has the following cash collections related to state income taxes Payroll withholdings and estimated payments related to 2011 income $\quad \$ 360$
$4 / 15 / 11$ Balance of 2010 net of $\$ 10$ refunds income taxes $\$ 40$
$1 / 15 / 12$ payroll withholdings and estimated payments related to 2011 income $\quad \$ 30$
$2 / 15 / 12$ payroll withholdings and estimated payments related to 2011 income $\$ 35$
$3 / 15 / 12$ payroll withholdings and estimated payments related to 2012 income $\$ 25$
$4 / 15 / 12$ Balance of 2011 net of $\$ 5$ refunds income taxes $\$ 45$ 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 2011 government-wide financial statements related to state income taxes?

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

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Definitions:

Primary And Secondary

Terms generally used to distinguish between initial (primary) and subsequent or derived (secondary) conditions, stages, or products in a variety of contexts.

Sewage Treatment

The process of removing contaminants from wastewater, primarily from household sewage, to produce an environmentally safe fluid waste stream.

Primary And Secondary

Terms used to distinguish between initial (primary) and subsequent (secondary) stages or categories in various contexts, such as production processes, pollutants, or levels of education.

Sewage Treatment

The process of removing contaminants from wastewater, primarily from household sewage, to produce an effluent that is suitable for discharge or reuse.