Problem:
The tax agency fund of Orange County collected $7,000,000 for a private school district; $3,000,000 for the county General Fund; and $5,000,000 for a town located in the County. County General Fund employees handle the collections, and a 2.5 percent collection fee is charged all units except the county.
Required:
Question: The total amount of revenue recognized by the county Agency Fund would be?
Note: Please show the work not just the answer.