CMS SURVEY EXAM WITH ALL CORRECT &
VERIFIED ANSWERS (UPDATED TO PASS)
You have _____ days to replace a qualified employee.
a. 10
b. 30
c. 60
d. 90 Correct answer-30
Which of the following is included in company overhead?
a.Advertising
b. Equipment
c. Project Payroll
d. Supervisor salary Correct answer-Advertising
A quorum shall consist of _____ members of the Nevada State Contractors Board.
a. 3
b. 4
c. 5
d. 7 Correct answer-4
A death must be reported to OSHA within ______.
a. 1 hour
b. 8 hours
c. 24 hours
d. 3 days Correct answer-8 hours
What summarizes profit making activities over a specific period of time?
a. Profit & Loss schedule
b. Critical Path schedule
c. Cash Disbursement Schedule
d. Cash Flow Schedule Correct answer-Profit & Loss schedule
What a general building contractor does not need to tell a customer with they have a contract?
a. names of his sub contractors
b. names of material suppliers
c. answers a &b are correct
d. names of individual laborers on the project Correct answer-names of individual laborers on the
project
The disadvantage of cash basis accounting versus accrual basis accounting is what?
a. the cash basis will show what had been collected and paid out, but not what has been earned
b. nothing
c. the cash basis is easiest form to maintain
d. cash basis records income when money is recieved Correct answer-the cash basis will show
what had been collected and paid out, but not what has been earned
The term week week in the FLSA is defined as what?
a. 40 hours
b. 168 hours
c. whatever the employer sets it as
, d. any of the above Correct answer-168 hours
Youths age _____ may perform any nonhazardous job, for unlimited hours.
a. 18
b. 19
c. 20
d. 16 and 17 Correct answer-16 and 17
Violators of child labor law provisions are subject to civil penalty of up to ______ each employee
subject to violation?
a. $11,000
b. $1,000
c. $5,000
d. $70,000 Correct answer-$11,000
The simplest form o business organization is:
a. sole prop.
b. partnership
c. corporation
d. LLC Correct answer-sole prop.
According to the FLSA, a workweek is a period of ____ hours.
a. 40
b. 24
c. 8
d. 168 Correct answer-168
After your employee makes _____ in one year, you stop deducting FUTA.
a. no limit
b. $1,000
c. $7,000
d. $87,900 Correct answer-$7,000
IRS Publication 15 is also known as ______.
a. Circular E
b. 1-9
c. W-4
d. W-2 Correct answer-Circular E
Records for Federal unemployment taxed must be kept for a minimum of _____ years.
a. 3
b. 4
c. 5
d. 2 Correct answer-4
Regardless of the type f organization the construction company has established or a licensees' role in
the ownership of the business, it is the _______ who is usually held responsible for all contracting--
related duties.
a. President
b. License Holder (Qualified Employee)
c. General partners
VERIFIED ANSWERS (UPDATED TO PASS)
You have _____ days to replace a qualified employee.
a. 10
b. 30
c. 60
d. 90 Correct answer-30
Which of the following is included in company overhead?
a.Advertising
b. Equipment
c. Project Payroll
d. Supervisor salary Correct answer-Advertising
A quorum shall consist of _____ members of the Nevada State Contractors Board.
a. 3
b. 4
c. 5
d. 7 Correct answer-4
A death must be reported to OSHA within ______.
a. 1 hour
b. 8 hours
c. 24 hours
d. 3 days Correct answer-8 hours
What summarizes profit making activities over a specific period of time?
a. Profit & Loss schedule
b. Critical Path schedule
c. Cash Disbursement Schedule
d. Cash Flow Schedule Correct answer-Profit & Loss schedule
What a general building contractor does not need to tell a customer with they have a contract?
a. names of his sub contractors
b. names of material suppliers
c. answers a &b are correct
d. names of individual laborers on the project Correct answer-names of individual laborers on the
project
The disadvantage of cash basis accounting versus accrual basis accounting is what?
a. the cash basis will show what had been collected and paid out, but not what has been earned
b. nothing
c. the cash basis is easiest form to maintain
d. cash basis records income when money is recieved Correct answer-the cash basis will show
what had been collected and paid out, but not what has been earned
The term week week in the FLSA is defined as what?
a. 40 hours
b. 168 hours
c. whatever the employer sets it as
, d. any of the above Correct answer-168 hours
Youths age _____ may perform any nonhazardous job, for unlimited hours.
a. 18
b. 19
c. 20
d. 16 and 17 Correct answer-16 and 17
Violators of child labor law provisions are subject to civil penalty of up to ______ each employee
subject to violation?
a. $11,000
b. $1,000
c. $5,000
d. $70,000 Correct answer-$11,000
The simplest form o business organization is:
a. sole prop.
b. partnership
c. corporation
d. LLC Correct answer-sole prop.
According to the FLSA, a workweek is a period of ____ hours.
a. 40
b. 24
c. 8
d. 168 Correct answer-168
After your employee makes _____ in one year, you stop deducting FUTA.
a. no limit
b. $1,000
c. $7,000
d. $87,900 Correct answer-$7,000
IRS Publication 15 is also known as ______.
a. Circular E
b. 1-9
c. W-4
d. W-2 Correct answer-Circular E
Records for Federal unemployment taxed must be kept for a minimum of _____ years.
a. 3
b. 4
c. 5
d. 2 Correct answer-4
Regardless of the type f organization the construction company has established or a licensees' role in
the ownership of the business, it is the _______ who is usually held responsible for all contracting--
related duties.
a. President
b. License Holder (Qualified Employee)
c. General partners
