On june 1 a school district levies the property taxes for its fiscal year that will end on june 30. 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 and another 500,000 is collected in july and and august. what is the maximum amount of property tax revenue associated with the june 1 levy that the school district might report as revenue in the fiscal year ending june 30?
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