A contractor pays a $2,500 tax bill by credit card, and the problem states a 2.3 percent service fee. What is the service fee?
Correct Answer
C) $57.50.
The service fee is $2,500 x 2.3 percent = $57.50.
Why This Is the Correct Answer
The service fee is $2,500 x 2.3 percent = $57.50.
Why the Other Options Are Wrong
Option A: $575.00.
$575.00 misplaces the decimal point, giving ten times the correct amount. The correct calculation is 2,500 x 0.023 = 57.50.
Option B: $5.75.
$5.75 misplaces the decimal point, giving one tenth of the correct amount. The correct calculation is 2,500 x 0.023 = 57.50.
Option D: $2,557.50.
$2,557.50 adds the fee to the tax bill; the question asks for the fee only. The correct calculation is 2,500 x 0.023 = 57.50.
Reference Hint
Study anchor (closed-book): memorize Tax payment controls from CSLB Law and Business Study Guide; California Franchise Tax Board. / California Franchise Tax Board credit card payment service fee; know the rule or calculation trigger without relying on exam-room lookup.
Independent practice; verify any reference hint against the edition and category permitted for your booking. Official exam and reference-list sources →
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