Question: Carroll City levies $ 2 0 0 , 0 0 0 of property taxes for its current fiscal year. One percent of the tax levy

Carroll City levies $200,000 of property taxes for its current fiscal year. One percent of the tax levy is expected to be uncollectible. The city collects $170,000 of its taxes during the year and another $25,000 during the first two months of the following year. In addition, the city collected $3,000 of prior-year taxes during the first two months of the current fiscal year and another $2,000 during the remainder of the current fiscal year. What amount of property tax revenues should the city report in thegovernment-widefinancial statements for the current fiscal year?
Multiple Choice
$200,000.
$198,000.
$197,000.
$195,000.

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