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The costs of running your business, including office expenses, etc., is called: a. Direct Costs b. Overhead c. A liability d. Accrual b. Overhead 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 8/10/25, 11:54 AM CSLB Practice Test Flashcards | Quizlet California Contractor's State License? a. Someone who repairs or maintains an airconditioning unit or heatpump 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 Which of the following is not part of a HomeImprovement 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

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8/10/25, 11:52 AM CSLB Exam Law and Business Questions Flashcards | Quizlet




CSLB Exam Law and Business Questions

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Terms in this set (14)


How much time does a The contractor is not required to retake the exam if
contractor have to renew the license is renewed within 5 years, from the
his/her license after the expiration date
expiration date without
retaking the license exam?

If the contractor minimum of $1,000 and or have his/her license
unlawfully removes revoked or suspended
asbestos he/she may be
fined....

when you collect sales tax sales tax is a state tax and is payable to the state
from your customers board of equalization.
goods, to which agency
do you report and pay
sales tax collected?

Who do you pay state state income taxes are payable to the franchise tax
income tax to board

Who collects federal tax IRS only collects federal taxes

How long is the patent is a visible defect for which the contractor is
contractor liable for liable for up to 4 years
patent or visible defects

how long is the contractor latent is an invisible or structural defect for which the
liable for latent or contractor is liable for up to 10 years
structural defects

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