Ledford county levied property taxes of 10000000 2 of which, Ask an Expert

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Ledford County levied property taxes of $10,000,000, 2% of which is expected to be uncollectible. Prior to this new levy, the county still had $350,000 of uncollected taxes from previous years. How much should be reported as Taxes Receivable after the new levy has been recorded? (Hint: You may have more than one category of Taxes Receivable.)

a. $ 9,800,000

b. $10,000,000

c. $10,150,000

d. $10,350,000

e. None of the above.

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