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COMMERCIAL CONTRACTOR PRACTICE EXAM QUESTIONS AND ANSWERS UPDATED 2026

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COMMERCIAL CONTRACTOR PRACTICE EXAM QUESTIONS AND ANSWERS UPDATED 2026

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COMMERCIAL CONTRACTOR PRACTICE
EXAM QUESTIONS AND ANSWERS
UPDATED 2026
AnAemployeeAearnsA$12.50AperAhour.AWhatAisAtheAgrossApayAofAthisAnon-
exemptAemployeeAwhoAworksA45AhoursAduringAaAholidayAweek,AandAreceivesA8AhoursAadditionalAp
ayAforAtheAholiday?

A.$562.50

B.$662.50

C.$693.75

D.$743.75A-AAnswerAC.$693.75

WhichAofAtheAfollowingAstatementsAaboutAaAsoleAproprietorshipAisATRUE?

A.ATheAbusiness,AorAanyApartAofAit,AcanAbeAsold,Aaltered,AorAexchangedAatAwill.

B.ATheAbusinessAwillAsurviveAtheAdeathAofAtheAowner.

C.AItAprovidesAtheAownerAwithAlimitedAliabilityAforAdebtsAandAactionsAofAtheAbusiness

D.ATheAbusinessAisAnotAsubjectAtoAFederalAincomeAtax.A-
AAnswerAA.TheAbusiness,AorAanyApartAofAit,AcanAbeAsold,Aaltered,AorAexchangedAatAwill.

WhatAisAtheAnameAofAtheAprocessAwhenAaAfacilitatorAmeetsAwithAtheAmajorAparticipantsAinAaAproje
ct,ApriorAtoAtheAcommencementAofAtheAproject,AtoAidentifyAtheAsharedAgoalsAofAallAparticipants?

,A.APartnering

B.AArbitration

C.AMediation

D.AClaimsAresolutionA-AAnswerAA.Partnering

HowAmuchAisAanAemployerAwhoAwithheldAemployeeAMedicareAandASocialASecurityAtaxesAorA$765ARE
QUIREDAtoAsendAtoAtheAIRS?

A.A$145

B.A$620

C.A$765

D.A$1,530A-AAnswerAD.$1530

RecordsAofAanAemployee'sAexposureAtoAhazardousAmaterialsAMUSTAbeAkeptAaAMINIMUMAofAhowAma
nyAyears?

A.A3Ayears

B.A7Ayears

C.A15Ayears

D.A30AyearsA-AAnswerAD.30Ayears

,WhatAcanAbeAdeterminedAbyAsummingAtheAprojectAactivitiesAintoAanAoverallAschedule?

A.ATheAtotalAresourceAdemandAforAaAprojectAatAanyAgivenAtime.

B.TheAtotalAamountAthatAtheAcompanyAwillAearnAfromAtheAjob.

C.TheAtotalAinsuranceAneedsAofAtheAcompany.

D.TheAtotalAman-hoursAneededAforAallAprojects.A-
AAnswerAA.TheAtotalAresourceAdemandAforAaAprojectAatAanyAgivenAtime.

WhatAMUSTAbeAdoneAwithAtheAtaxesAwithheldAbyAanAemployerAbetweenAtheAtimeAthatAtheyAareAwi
thheldAandAtheAtimeAthatAtheyAareAsentAtoAtheAIRS?

A.ATheAtaxesAcanAbeAkeptAinAtheAgeneralAcompanyAaccount.

B.ATheAtaxesAmustAbeAkeptAinAaAsavingsAaccount.

C.ATheAtaxesAmustAbeAheldAinAaAseparateAaccountAandAnotAusedAforAanythingAelse.

D.ATheAtaxesAcanAbeAusedAtoAtemporarilyApayAtheAcompany'sAexpenses.A-
AAnswerAC.TheAtaxesAmustAbeAheldAinAaAseparateAaccountAandAnotAusedAforAanythingAelse.

, CostsAthatArelateAtoAconstructionAbutAareAnotAdirectlyAassociatedAwithAlaborAandAmaterialsAforAaAs
pecificAprojectAareAconsideredAtoAbeAwhichAofAtheAfollowing?

A.AoverheadAburden

B.AcompanyAoverhead

C.AprojectAoverhead

D.AvariableAoverheadA-AAnswerAC.projectAoverhead

WhatAisAtheAaverageAcollectionAperiodAratioAforAaAfirmAthatAhasA$365,000AinAannualArevenues,A$6,
600AinAcurrentAreceivables,AandAnetAincomeAofA$32,000?

A.A4.8

B.A6.6A

C.A11.4

D.A55.3A-AAnswerAB.6.6

WhichAisAanAadvantageAofAaACriticalAPathAMethodA(CPM)Aschedule?

A.AItAisAtheAeasiestAtoAinterpret

B.AItAidentifiesAtheAcashAflowAneedsAatAanyApointAinAtheAproject.

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COMMERCIAL CONTRACTOR PRACTICE EXAM QUESTIONS AND ANSWERS UPDATED 2026

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