Question

Total maximum guaranty fund payment per contractor

a) $1,000
b) $10,000
c) $100,000
d) $1,000,000

Answer 1

The total maximum guaranty fund payment per contractor is $1,000,000 (option d). However, the given information does not directly correspond to any of the options provided.

Step-by-step explanation:

The total maximum guaranty fund payment per contractor is $1,000,000 (option d).The given information refers to different amounts and percentages for calculating payments in various scenarios. However, none of the provided numbers match the given options. Therefore, the correct answer cannot be determined from the information provided.