An adjusted contract is $46,000 and 30 percent is complete. Prior payments total $6,500. What additional progress payment reaches current work value?
Correct Answer
C) $7,300.
Thirty percent of $46,000 is $13,800. Subtracting $6,500 gives $7,300.
Why This Is the Correct Answer
Thirty percent of $46,000 is $13,800. Subtracting $6,500 gives $7,300.
Why the Other Options Are Wrong
Option A: $6,700.
$6,700. is below the supported result for progress payment calculation; it likely uses the wrong base, period, or account bucket.
Option B: $7,100.
$7,100. is below the supported result for progress payment calculation; it likely uses the wrong base, period, or account bucket.
Option D: $8,800.
$8,800. is above the supported result for progress payment calculation; it likely adds an unsupported amount or compares the wrong financial base.
Memory Technique
Progress Payment drawer for Checking Earned-Value: label percent before counting dollars.
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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