XYZ Contractors has current gross receipts of $8 million annually. They want to upgrade from Class B to Class A. What additional net worth must they demonstrate beyond the Class B requirement?
Correct Answer
B) $2,250,000
Class A requires $2,500,000 net worth while Class B requires $250,000, so the additional requirement is $2,250,000.
Why This Is the Correct Answer
Class A requires $2,500,000 net worth while Class B requires $250,000, so the additional requirement is $2,250,000.
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