COMMERCIAL CONTRACTOR PRACTICE EXAM
QUESTIONS
An employee earns $12.50 per hour. What is the gross pay of C.$693.75
this non-exempt employee who works 45
hours during a holiday week, and
receives 8 hours additional pay for the
holiday?
A.
$562.5
0 B.
$662.5
0 C.
$693.7
5 D.
$743.7
5
Which of the following statements about a sole proprietorship A.The business, or any part of it, can be sold,
altered, or exchanged at will.
is TRUE?
A. The business, or any part of it, can be
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,sold, altered, or exchanged at will.
B. The business will survive the death of the owner.
C. Itprovides the owner with limited
liability for debts and actions of the
business
D.The business is not subject to Federal income tax.
What is the name of the process when a facilitator meets with A.Partnering
the major participants in a project, prior to the
commencement of the project, to identify
the shared goals of all participants?
A. Partnering
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,How much is an employer who withheld employee Medicare D.$1530
and Social Security taxes or $765 REQUIRED
to send to the IRS?
A. $145
B. $620
C. $765
D. $1,530
Records of an employee's exposure to hazardous materials D.30 years
MUST be kept a MINIMUM of how many years?
A. 3 years
B. 7 years
C. 15 years
D. 30 years
What can be determined by summing the project activities A.The total resource demand for a project at
any given time.
into an overall schedule?
A. The total resource demand for a project at any given time.
B. The total amount that the company will earn from the job.
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, C. The total insurance needs of the company.
D. The total man-hours needed for all projects.
What MUST be done with the taxes withheld by an employer C.The taxes must be held in a separate
account and not used for anything else.
between the time that they are withheld and
the time that they are sent to the IRS?
A. The taxes can be kept in the general company account.
B. The taxes must be kept in a savings account.
C. The
taxes must be held in a separate
account and not used for anything else.
D.The taxes can be used to temporarily
pay the company's expenses.
Costs that relate to construction but are not directly C.project overhead
associated with labor and materials for a
specific project are considered to be which
of the following?
A. overhead burden
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QUESTIONS
An employee earns $12.50 per hour. What is the gross pay of C.$693.75
this non-exempt employee who works 45
hours during a holiday week, and
receives 8 hours additional pay for the
holiday?
A.
$562.5
0 B.
$662.5
0 C.
$693.7
5 D.
$743.7
5
Which of the following statements about a sole proprietorship A.The business, or any part of it, can be sold,
altered, or exchanged at will.
is TRUE?
A. The business, or any part of it, can be
1/60
,sold, altered, or exchanged at will.
B. The business will survive the death of the owner.
C. Itprovides the owner with limited
liability for debts and actions of the
business
D.The business is not subject to Federal income tax.
What is the name of the process when a facilitator meets with A.Partnering
the major participants in a project, prior to the
commencement of the project, to identify
the shared goals of all participants?
A. Partnering
2/60
,How much is an employer who withheld employee Medicare D.$1530
and Social Security taxes or $765 REQUIRED
to send to the IRS?
A. $145
B. $620
C. $765
D. $1,530
Records of an employee's exposure to hazardous materials D.30 years
MUST be kept a MINIMUM of how many years?
A. 3 years
B. 7 years
C. 15 years
D. 30 years
What can be determined by summing the project activities A.The total resource demand for a project at
any given time.
into an overall schedule?
A. The total resource demand for a project at any given time.
B. The total amount that the company will earn from the job.
3/60
, C. The total insurance needs of the company.
D. The total man-hours needed for all projects.
What MUST be done with the taxes withheld by an employer C.The taxes must be held in a separate
account and not used for anything else.
between the time that they are withheld and
the time that they are sent to the IRS?
A. The taxes can be kept in the general company account.
B. The taxes must be kept in a savings account.
C. The
taxes must be held in a separate
account and not used for anything else.
D.The taxes can be used to temporarily
pay the company's expenses.
Costs that relate to construction but are not directly C.project overhead
associated with labor and materials for a
specific project are considered to be which
of the following?
A. overhead burden
4/60
