CSLB PRACTICE TEST 2023 QUESTIONS AND ANSWERS WITH COMPLETE SOLUTION

CSLB PRACTICE TEST 2023 QUESTIONS AND ANSWERS WITH COMPLETE SOLUTION 1. The costs of running your business, including office expenses, etc., is called: a. Direct Costs b. Overhead c. A liability d. Accrual: b. Overhead 2. Which government agency collects State Unemployment Tax? a. Employment Development Department b. County Unemployment Office c. Franchise Tax Board d. Internal Revenue Service: a. Employment Development Department 3. Who does not need a California Contractor's State License? a. Someone who repairs or maintains an air-conditioning unit or heat-pump unit. b. Someone who installs mobile-homes c. Someone who digs wells on the property of others d. Sale or installation of finished products that do not become a fixed part of the structure: d. Sale or installation of finished products that do not become a fixed part of the structure 4. Which of the following is not part of a Home-Improvement Contract? a. Mechanic's Lien Warning b. Notice of Cancellation c. Twenty-Day Preliminary Notice d. All of the above.: c. Twenty-Day Preliminary Notice 5. Prime Contractor must pay subcontractor when? a. 10-days after Prime-contractor received payment b. When Prime-contractor receives withheld retention monies c. 30-days after completion d. As soon as subcontractor completes the work: a. 10-days after Prime-con- tractor received payment 6. The Contractor's Surety Bond is necessary for most contractors to obtain their license. This bond is in the amount of: