An Arizona contractor has 3 employees with a total annual payroll of $180,000. The workers compensation rate for their classification is $4.50 per $100 of payroll. What is the annual workers compensation premium?
Correct Answer
A) $8,100
Premium = ($180,000 ÷ $100) × $4.50 = 1,800 × $4.50 = $8,100
Why This Is the Correct Answer
Premium = ($180,000 ÷ $100) × $4.50 = 1,800 × $4.50 = $8,100
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Under A.R.S. 33-981, a contractor must file a preliminary 20-day notice for lien rights. If materials are first delivered on March 15th and labor begins March 20th, what is the deadline to serve the preliminary notice?
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A subcontractor performs electrical work valued at $8,500 on a residential project. The general contractor fails to pay. Under Arizona lien law, what is the maximum amount the subcontractor can claim in their mechanic's lien?
