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: $17,350.
$17,350 adds the $6,500 instead of subtracting it. The correct calculation is 31,000 x 0.35 = 10,850; 10,850 - 6,500 = 4,350.
Option C: $10,850.
$10,850 reports only the deducted amount (10,850) instead of the net amount after it. The correct calculation is 31,000 x 0.35 = 10,850; 10,850 - 6,500 = 4,350.
Option D: $24,500.
$24,500 never multiplies by 0.35. The correct calculation is 31,000 x 0.35 = 10,850; 10,850 - 6,500 = 4,350.
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.
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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