In Texas forfeiture, the distribution percentage for the agency is 70%. If the net proceeds are $50,000, what is the agency's share?

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Multiple Choice

In Texas forfeiture, the distribution percentage for the agency is 70%. If the net proceeds are $50,000, what is the agency's share?

Explanation:
The main idea is to apply the agency’s distribution percentage to the net proceeds. Take 70% of 50,000, which is 0.70 × 50,000 = 35,000. So the agency’s share is $35,000. The remaining $15,000 (30% of 50,000) would go to others. The other options correspond to 20% (10,000), 30% (15,000), and 100% (50,000) of the net proceeds, which don’t match the 70% distribution.

The main idea is to apply the agency’s distribution percentage to the net proceeds. Take 70% of 50,000, which is 0.70 × 50,000 = 35,000. So the agency’s share is $35,000. The remaining $15,000 (30% of 50,000) would go to others. The other options correspond to 20% (10,000), 30% (15,000), and 100% (50,000) of the net proceeds, which don’t match the 70% distribution.

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