CAM Exam Questions and Answers 100% Accurate

If employees claim exemption from income tax withholding, they must give the employer a new Form W-4 each __________. Month Year 2 years 3 years - ANSWER-Year. If an employee claims exemption from income tax withholding, this must be indicated on their signed W-4 upon starting work and the W-4 must be resubmitted annually. REFERENCE: MODULE 1: LESSON 1.7 | Employment Laws. The books and records of the timeshare plan shall be considered "reasonably available" within __________ after a written request for the records signed by the purchaser. 5 days 7 days 14 days 30 days - ANSWER-7 days. EXPLANATION: All books and records regarding the timeshare plan must be readily available within 7 days of a request. REFERENCE: MODULE 1: LESSON 1.3 | The Florida Vacation and Timesharing Act A condominium is distinguished from a co-operative by the fact that condominium unit owners ________________________. Actually purchase shares in the property. Are covered for personal property by the association's insurance. Cannot recall members of the Board of Directors. Generally own the common elements as co-owners. - ANSWER-Generally own the common elements as co-owners. Condominium owners co-own the common elements and they cannot be sold or transferred separately from the unit. REFERENCE: MODULE 1: LESSON 1.2 | The Condominium Act