In state fiscal year, the 1st and 2nd quarter bills are final for Municipal and estimated for Non Municipal. Which option best represents these statuses?

• A. Municipal; Non Municipal
• B. Municipal; Municipal
• C. Non Municipal; Municipal
• D. Non Municipal; Non Municipal

Answer: (A)

The main idea is that the status of quarter bills depends on whether the entity is Municipal or Non Municipal. For Municipal entities, the first two quarter bills are final, meaning the amounts are fixed. For Non Municipal entities, those quarters are estimated, meaning the figures are projections. Because of that, the correct pairing is that the first quarter is Municipal (final) and the second quarter is Non Municipal (estimated). This matches the statement provided. The other options would imply both quarters have the same status, which isn’t consistent with the rule described.