On June 1, 20X4,a school district levies the property taxes for its fiscal year that will end on June 30, 20X5. The total amount of the levy is $1,000,000, and 1% is expected to be uncollectible.

Of the levy, $250,000 is collected in June 20X4 and another $500,000 is collected in July and August 20X4. What is the maximum amount of property tax revenue associated with the June 1, 20X4, levy that the school district might report as revenue in the fiscal year ending June 30, 20X4?

a. $0

b. $750,000

c. $760,000

d. $990,000