A $31,000 adjusted contract is 35 percent complete. If $6,500 has already been paid, what additional progress payment reaches the current work value?
Correct Answer
B) $4,350.
Thirty-five percent of $31,000 is $10,850. Subtract the $6,500 already paid to get $4,350.
Why This Is the Correct Answer
Thirty-five percent of $31,000 is $10,850. Subtract the $6,500 already paid to get $4,350.
Why the Other Options Are Wrong
Option A: $3,850.
$3,850. is below the supported result for progress payment calculation; it likely uses the wrong base, period, or account bucket.
Option C: $10,850.
$10,850. is above the supported result for progress payment calculation; it likely adds an unsupported amount or compares the wrong financial base.
Option D: $11,500.
$11,500. is above the supported result for progress payment calculation; it likely adds an unsupported amount or compares the wrong financial base.
Memory Technique
Checking Earned-Value money test: bucket before math for progress payment.
Reference Hint
Study anchor (closed-book): memorize Progress payment calculation from CSLB 2026 Law Book; CSLB Home Improvement Contracts / B&P Code Section 7159 home improvement contract requirements; know the rule or calculation trigger without relying on exam-room lookup.
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