In the casework package file, a $58,000 adjusted contract is 50 percent complete. If prior payments total $14,750, what additional progress payment reaches current work value?
Correct Answer
D) $14,250.
Fifty percent of $58,000 is $29,000. Subtract prior payments of $14,750 to get $14,250.
Why This Is the Correct Answer
Fifty percent of $58,000 is $29,000. Subtract prior payments of $14,750 to get $14,250.
Why the Other Options Are Wrong
Option A: $12,900.
$12,900. is below the supported result for progress payment calculation; it likely uses the wrong base, period, or account bucket.
Option B: $13,500.
$13,500. is below the supported result for progress payment calculation; it likely uses the wrong base, period, or account bucket.
Option C: $14,000.
$14,000. is below the supported result for progress payment calculation; it likely uses the wrong base, period, or account bucket.
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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