A contract calls for 5 percent retention on an $18,600 progress payment. How much should be retained from that payment?
Correct Answer
D) $930.
Five percent of $18,600 is $930.
Why This Is the Correct Answer
Five percent of $18,600 is $930.
Why the Other Options Are Wrong
Option A: $186.
$186. is below the supported result for progress payment calculation; it likely omits part of the approved scope, cap, credit, or holdback.
Option B: $465.
$465. is below the supported result for progress payment calculation; it likely omits part of the approved scope, cap, credit, or holdback.
Option C: $900.
$900. is below the supported result for progress payment calculation; it likely omits part of the approved scope, cap, credit, or holdback.
Memory Technique
Progress Payment gate for Checking Application: paper opens before money moves.
Reference Hint
Study anchor (closed-book): memorize Progress payment calculation from CSLB 2026 Law Book; California contracting practice / CSLB Law Book payment and contract administration; know the rule or calculation trigger without relying on exam-room lookup.
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