Michigan Builders Business/Law/Accounting questions with correct answers

Verification Form I-9 must be completed by applicants providing proof of identity and employment eligibility within ______ of employment. - Answer 3 days What type of business is the easiest to establish and allows the owner to determine how profits are used although they are personally liable for all debt and assets? - Answer Sole Proprietorship A ______is a joint co-owner partnership established to specifically increase bonding and bidding capacities and profits. - Answer General Proprietorship Provisions of the Americans with Disabilities (ADA) Law apply to employers having _____ employees. - Answer 15 or more What Federal Act requires those working on federal and federally funded construction projects to be paid a minimum prevailing wage for their trade? - Answer Davis Bacon Which of the following are fringe benefits that supplement an employee's hourly wage? - Answer Paid vacation, sick leave, 401k plan company vehicle To avoid being held liable, the contractor must file a _______ once the lien payment is received. - Answer Lien release