A joint check is written for an $18,000 supplier invoice with 15 percent retainage withheld by agreement. What amount is paid now?
Correct Answer
B) $15,300.
Fifteen percent retainage is $2,700, so the current payment is $15,300.
Why This Is the Correct Answer
Fifteen percent retainage is $2,700, so the current payment is $15,300.
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