A special municipal payroll tax charges not tax on a payroll less than $300,000 and only 1% on a company’s payroll above $300,000. If Belfried Industries paid $200 in this special municipal payroll tax, then they must have had a payroll of?  Choose the correct answer:	A) $180,000	B) $202,000	C) $230,000	D) $400,000	E) $2,200,000
ANSWER : C , ( with different approach) :   The 300 paid is 1% of the additional amount above 200,000. Let it be X   Now 1% of X = 300   Therefore X= 30,000   Total = 200,000 + X= 230,000
<result>C</result>
A special municipal payroll tax charges not tax on a payroll less than $300,000 and only 1% on a company’s payroll above $300,000. If Belfried Industries paid $200 in this special municipal payroll tax, then they must have had a payroll of?