How can states and localities develop reasonable estimates of sales tax revenue given the increased popularity of buying goods on line and from remote sellers
who are not required to collect sales tax? What relationship does this have to the budget.
Fred Jones deposits $100 in a savings account for his grandchild Johnny upon his birth. Unfortunately Johnny%u2019s parents move frequently during his
childhood and eventually they lose track of this account and forgot about it. The state escheats the bank account which has grown to $122 due to inactivity
for the past 7 years (no deposits or withdrawals). What type of revenue is this and how would the state record this transaction.