A contractor bids on a public works project valued at $750,000. The prevailing wage rate for electricians is $48.50 per hour with 200 hours of electrical work required. What is the total prevailing wage cost for electrical work?
Correct Answer
D) $9,700
Total prevailing wage cost = $48.50 × 200 hours = $9,700 (benefits are additional but not included in this calculation).
Why This Is the Correct Answer
Total prevailing wage cost = $48.50 × 200 hours = $9,700 (benefits are additional but not included in this calculation).
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