A residential contractor completes a $45,000 addition project. The contract price includes $3,600 in Georgia sales tax. What is the net contract amount subject to contractor licensing requirements?
Correct Answer
A) $41,400
The net contract amount is $45,000 - $3,600 = $41,400. Sales tax is excluded when determining contract amounts for licensing purposes.
Why This Is the Correct Answer
The net contract amount is $45,000 - $3,600 = $41,400. Sales tax is excluded when determining contract amounts for licensing purposes.
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A subcontractor in Georgia was not paid by the general contractor and wants to file a lien. The subcontractor provided preliminary notice 15 days after starting work. The project was completed on March 15th. What is the latest date the subcontractor can file the lien?
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