A public works contractor owes training fund contributions of $0.85 per hour for 320 covered craft hours. What is the contribution amount?
Correct Answer
B) $272.
The contribution is 320 hours times $0.85 per hour, which equals $272.
Why This Is the Correct Answer
The contribution is 320 hours times $0.85 per hour, which equals $272.
Why the Other Options Are Wrong
Option A: $222.
$222. is below the supported result for training fund contributions; it likely skips a premium-pay or employer-cost component.
Option C: $320.
$320. is above the supported result for training fund contributions; it likely pays the wrong premium tier or counts the same hours twice.
Option D: $376.
$376. is above the supported result for training fund contributions; it likely pays the wrong premium tier or counts the same hours twice.
Memory Technique
Training Fund ladder for Calculating Apprenticeship: hours climb before dollars add up.
Reference Hint
Study anchor (closed-book): memorize Training fund contributions from California Labor Code Section 1777.5; DIR Division of Apprenticeship. / California Labor Code Section 1777.5; DIR DAS guidance; know the rule or calculation trigger without relying on exam-room lookup.
More Law & Business Questions
A Fresno homeowner wants a $725 cabinet repair and trim adjustment. Which contract step best matches CA home improvement requirements?
A project has $6,500 retainage withheld. The owner releases 60 percent of retainage at substantial completion. How much cash is released?
Cash is $52,500 and monthly burn is $17,500. How many months of runway are available?
A supplier offers 1.5 percent early-pay discount on a $22,000 invoice. What is the discount?
A balance sheet lists assets of $310,000 and liabilities of $185,000. What is owner's equity?
A job is estimated to cost $135,000. What price gives a 25 percent gross margin?
A customer invoice of $4,000 has a stated late charge of 1.5 percent. What late charge is added?
A bid has direct labor of $18,000, materials of $12,500, and equipment rental of $3,500. If the contractor adds 20 percent markup on direct cost, what is the bid price?
A contractor wants a 25 percent gross margin on a job with estimated cost of $60,000. What selling price gives that margin?
A completed project sold for $150,000 and had total cost of $126,000. What gross margin percentage did the project earn?