The General Fund Levies Property Taxes in the Amount of $1,000,000

Multiple Choice

The General Fund levies property taxes in the amount of $1,000,000 for calendar year 2009.It expects to collect $950,000 during the year,$30,000 in the first 60 days of the next year,and $15,000 during the rest of the next year.It does not expect to collect the remaining $5,000.How much property tax revenue should it recognize for the year 2009?

A) $1,000,000
B) $980,000
C) $995,000
D) $990,000