An adjusted contract is $48,000 and work is 55 percent complete. Prior payments are $19,700. What additional progress payment reaches current earned value?
Correct Answer
D) $6,700.
Current earned value is $48,000 x 55 percent = $26,400. Subtracting prior payments of $19,700 leaves $6,700.
Why This Is the Correct Answer
Current earned value is $48,000 x 55 percent = $26,400. Subtracting prior payments of $19,700 leaves $6,700.
Why the Other Options Are Wrong
Option A: $5,900.
$5,900. is below the supported result for progress payment calculation; it likely omits part of the approved scope, cap, credit, or holdback.
Option B: $6,100.
$6,100. is below the supported result for progress payment calculation; it likely omits part of the approved scope, cap, credit, or holdback.
Option C: $6,500.
$6,500. is below the supported result for progress payment calculation; it likely omits part of the approved scope, cap, credit, or holdback.
Memory Technique
Checking Invoice contract math: approved scope is the ruler for progress payment.
Reference Hint
Study anchor (closed-book): memorize Progress payment calculation from CSLB 2026 Law Book; CSLB Home Improvement Contracts / Business and Professions Code Section 7159 home improvement contract requirements; know the rule or calculation trigger without relying on exam-room lookup.
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