Utah Contractor Business and Law Exam 2025–2026
Accurate Real Exam Questions and Verified Correct
Answers JUST RELEASED
How long does the Fair Labor Standards Act require employers to keep
copies of employee wage statements?
3 years
The penalty if an employer does not carry workers compensation insurance
is:
$1,000 or 3 times the premium amount
A laborer employee earns $10 per hour. During a 2-week period, the
employee works 35 hours in week 1 and 45 hours in week 2. what will their
gross pay be for the 2 weeks?
$825
The main purpose of the Fair Labor Standards Act is:
To establish minimum wage and overtime standards.
A Utah employer must report new hires and rehires to the Department of
Workforce Services within how many days of hire or rehire?
20
Federal form 941 taxes may be deposited monthly if for the previous 4
quarters a company's total tax liability for 941 taxes was:
$50,000 or less
, utah business must pay sales tax on a monthly basis via electronic funds
transfer if their liability is over:
96,000
a C Corporation has gross revenue of $120,000 and deductible expenses of
$70,000. The corporate tax rate is a flat 21%. What is the corporations
after-tax profit?
$39,500
The withholding rate for social security is:
6.2%
Not making federal payroll tax deposits in a timely manner can result in
penalties of:
2% to 100% of the amount due
The due date for a federal tax return falls on Sunday, April 30. The return
must be filed by:
Monday, May 1
When must employers with more than 10 employees post OSHA form
300A?
February 1 - April 30
If there is a fatality or serious injury to a worker, when must the employer
notify OSHA?
Within 8 hours
Accurate Real Exam Questions and Verified Correct
Answers JUST RELEASED
How long does the Fair Labor Standards Act require employers to keep
copies of employee wage statements?
3 years
The penalty if an employer does not carry workers compensation insurance
is:
$1,000 or 3 times the premium amount
A laborer employee earns $10 per hour. During a 2-week period, the
employee works 35 hours in week 1 and 45 hours in week 2. what will their
gross pay be for the 2 weeks?
$825
The main purpose of the Fair Labor Standards Act is:
To establish minimum wage and overtime standards.
A Utah employer must report new hires and rehires to the Department of
Workforce Services within how many days of hire or rehire?
20
Federal form 941 taxes may be deposited monthly if for the previous 4
quarters a company's total tax liability for 941 taxes was:
$50,000 or less
, utah business must pay sales tax on a monthly basis via electronic funds
transfer if their liability is over:
96,000
a C Corporation has gross revenue of $120,000 and deductible expenses of
$70,000. The corporate tax rate is a flat 21%. What is the corporations
after-tax profit?
$39,500
The withholding rate for social security is:
6.2%
Not making federal payroll tax deposits in a timely manner can result in
penalties of:
2% to 100% of the amount due
The due date for a federal tax return falls on Sunday, April 30. The return
must be filed by:
Monday, May 1
When must employers with more than 10 employees post OSHA form
300A?
February 1 - April 30
If there is a fatality or serious injury to a worker, when must the employer
notify OSHA?
Within 8 hours
