Tài chính doanh nghiệpCâu 1148 / 1605
An owner withholds 10% retention on a $40,000 progress billing. How much does the contractor receive on that billing?
a.$40,000
b.$36,000
c.$30,000
d.$4,000
Giải thích
Retention withheld = $40,000 x 10% = $4,000. Amount paid now = $40,000 - $4,000 = $36,000. The $4,000 is held back and released later, typically after completion.
Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- The $25,000 contractor's license bond primarily protects:
- In addition to the license bond, a qualifying individual who serves as RMO/RME for a licensee generally must file what?
- A contractor's bond is a form of surety bond. This means:
- The primary purpose of retention (retainage) on a construction contract is to:
- On most California public works projects, retention withheld by the public entity is generally limited to a maximum of:
- A contractor completes a $250,000 job on which the owner withheld 10% retention throughout. Assuming no deductions, how much retention should be released at closeout?
Cập nhật gần nhất: · quy trình kiểm tra
Sen Lin, Người sáng lập PrepPass · Đối chiếu với California CSLB Contractor License Law & Business Exam · Quy trình kiểm tra
Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)