FLORIDA CONTRACTOR MANUAL 2017 |
COMPLETE STUDY GUIDE & EXAM PREP
QUESTIONS
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales Included
,What is one of the advantages of a standard corporation?
C. Fringe benefits are tax deductible (1-13)
Concerning an S corporation, who can be shareholders?
B. Only individuals or estates can be shareholders.( 1-13)
What is an advantage of an S Corporation?
D. as sole proprietors, income or losses are reported as to an individual taxpayer(1-13)
What is an advantage of a regular corporation?
C. tax deductible fringe benefits (1-13)
A person may engage in business under a fictitious name by registering the name with the
________?
B.Division of corporations (1-14,1-15)
How long is a registered fictitious name valid for?
A. 5 years (1-15)
,According to the Florida Contractors Manual, a Model Business Plan should include an
equity structure of total ownership divided by total capitalization of a _______ ratio.
A. 1 to 1 (1-18)
A model business plan should include what personal information?
D. Last three years of personal income tax returns. (1-19)
Unless you are a sole proprietor, federal form SS-4 must be filed on or before the:
A. seventh day after the date on which business begins (1-20)
Occupational licenses may be required for every business and are issued by the:
B.counties and cities (1-21)
Which agency oversees engineers in the State of Florida?
B. Board of Professional Engineers (1-22)
How are Florida sales tax reported and paid?
A. Reported on form DR-15-CS and paid on a monthly basis (1-23)
, True or False:
According to the Florida Contractors Manual, a partnership can be dissolved for all of the
following reasons:
>death of a partner
>bankruptcy of a partner
>by order of the Florida DBPR
>by court degree under the Partnership Act
False.
A Partnership cannot be dissolved by order of the Florida DBPR (1-29)
Florida Statutes (Chapter 489) provides for the licensure and regulation of all types of
contractors in Florida and are divided into:
D. construction contracting, electrical and alarm systems contracting, and septic tank
contracting (2-5)
18. According to the Contractors Manual, who is required to be licensed under Chapter
489.103 of the Florida Statues?
C. persons performing small remodeling jobs with a contract price of less than $2,500 (2-6,
2-7, 2-63 to 68, 489.103)
True or False:
Construction projects for Bridges, Rail roads, and streets do not requires a licensed
general contractor?
True
BUT, service stations (2-6; 2-63, 489.103(1)) Require a license general contractor.
COMPLETE STUDY GUIDE & EXAM PREP
QUESTIONS
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales Included
,What is one of the advantages of a standard corporation?
C. Fringe benefits are tax deductible (1-13)
Concerning an S corporation, who can be shareholders?
B. Only individuals or estates can be shareholders.( 1-13)
What is an advantage of an S Corporation?
D. as sole proprietors, income or losses are reported as to an individual taxpayer(1-13)
What is an advantage of a regular corporation?
C. tax deductible fringe benefits (1-13)
A person may engage in business under a fictitious name by registering the name with the
________?
B.Division of corporations (1-14,1-15)
How long is a registered fictitious name valid for?
A. 5 years (1-15)
,According to the Florida Contractors Manual, a Model Business Plan should include an
equity structure of total ownership divided by total capitalization of a _______ ratio.
A. 1 to 1 (1-18)
A model business plan should include what personal information?
D. Last three years of personal income tax returns. (1-19)
Unless you are a sole proprietor, federal form SS-4 must be filed on or before the:
A. seventh day after the date on which business begins (1-20)
Occupational licenses may be required for every business and are issued by the:
B.counties and cities (1-21)
Which agency oversees engineers in the State of Florida?
B. Board of Professional Engineers (1-22)
How are Florida sales tax reported and paid?
A. Reported on form DR-15-CS and paid on a monthly basis (1-23)
, True or False:
According to the Florida Contractors Manual, a partnership can be dissolved for all of the
following reasons:
>death of a partner
>bankruptcy of a partner
>by order of the Florida DBPR
>by court degree under the Partnership Act
False.
A Partnership cannot be dissolved by order of the Florida DBPR (1-29)
Florida Statutes (Chapter 489) provides for the licensure and regulation of all types of
contractors in Florida and are divided into:
D. construction contracting, electrical and alarm systems contracting, and septic tank
contracting (2-5)
18. According to the Contractors Manual, who is required to be licensed under Chapter
489.103 of the Florida Statues?
C. persons performing small remodeling jobs with a contract price of less than $2,500 (2-6,
2-7, 2-63 to 68, 489.103)
True or False:
Construction projects for Bridges, Rail roads, and streets do not requires a licensed
general contractor?
True
BUT, service stations (2-6; 2-63, 489.103(1)) Require a license general contractor.
