For the crew-release check at the municipal pump-house slab, the mobilization payment shows a $43,500 pay application amount. If 7.5% is withheld, what retainage withheld should be shown?
Correct Answer
B) $3,262
Retainage equals the approved amount multiplied by the retainage percentage.
Why This Is the Correct Answer
Retainage equals the approved amount multiplied by the retainage percentage.
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