VA Contractors: VA Advanced (Class
A)
A contractor can pay a workers' reimbursement rate of $0.08 in keeping with $a hundred of
workplace worker payroll, $zero.15 in step with $a hundred of discipline supervisor payroll, and
$0.26 in step with $100 of field worker payroll. Total workplace employee payroll for the year is
$25,000. Total area manager payroll is $48,000. Total discipline employee payroll is $225,000.
The contractor receives a discount of five% of overall premiums for having a protection
application in region. The general people' compensation for the 12 months is... - ANS-More than
$six hundred
A contractor puts in a declare underneath a complete popular widespread liability policy. The
coverage has no additional insurance, riders, or floaters, and has a $500 deductible in step with
prevalence. The claim is for a task-website accident that induced $2,000 of injuries to
personnel, $1,800 of accidents to a pedestrian, $2,three hundred harm to the contractor's
equipment, and $1,750 loss of challenge substances bought by means of the contractor. The
insurance agency is responsible for... - ANS-$1,300
A value plus agreement calls for the contractor to obtain direct fees for hard work and
substances, and a markup of 20% of direct costs. The contractor is also to obtain a sure of 15%
of savings if overall cost to the owner is less than $eighty,000, and an advantage of $1,000 per
day if the venture is finished early. Final fees for direct hard work and substances are $60,000.
The assignment is finished three days early. What is the full amount because of the contractor?
- ANS-Between $75,001 and $eighty,000
A lump sum contract on a challenge has a total settlement charge of $one hundred sixty,000.
Retainage has been held lower back at 10%. The contractor has received progress bills for 75%
of the challenge. The contractor submits a request for final price for the new finished mission.
The final charge amount have to be for... - ANS-More than $50,000
A non-exempt employee of a contractor covered via the Fair Labor Standards Act works 60
hours all through a workweek. The agreement is to pay the employee $four hundred each week
irrespective of the numbers of hours labored. What need to be the employee's gross pay for the
worksheet? - ANS-$seven hundred.50
A permit is received on Friday, May 1. The substances are to be brought May 8. The substances
are wished while labor starts on May eleven. It is expected that 15 days of exertions are
REQUIRED. The team will paintings every day, inclusive of weekends and holidays. The
challenge is scheduled to be finished on June 8. How many float days are to be had for the hard
work for this undertaking? - ANS-13
A)
A contractor can pay a workers' reimbursement rate of $0.08 in keeping with $a hundred of
workplace worker payroll, $zero.15 in step with $a hundred of discipline supervisor payroll, and
$0.26 in step with $100 of field worker payroll. Total workplace employee payroll for the year is
$25,000. Total area manager payroll is $48,000. Total discipline employee payroll is $225,000.
The contractor receives a discount of five% of overall premiums for having a protection
application in region. The general people' compensation for the 12 months is... - ANS-More than
$six hundred
A contractor puts in a declare underneath a complete popular widespread liability policy. The
coverage has no additional insurance, riders, or floaters, and has a $500 deductible in step with
prevalence. The claim is for a task-website accident that induced $2,000 of injuries to
personnel, $1,800 of accidents to a pedestrian, $2,three hundred harm to the contractor's
equipment, and $1,750 loss of challenge substances bought by means of the contractor. The
insurance agency is responsible for... - ANS-$1,300
A value plus agreement calls for the contractor to obtain direct fees for hard work and
substances, and a markup of 20% of direct costs. The contractor is also to obtain a sure of 15%
of savings if overall cost to the owner is less than $eighty,000, and an advantage of $1,000 per
day if the venture is finished early. Final fees for direct hard work and substances are $60,000.
The assignment is finished three days early. What is the full amount because of the contractor?
- ANS-Between $75,001 and $eighty,000
A lump sum contract on a challenge has a total settlement charge of $one hundred sixty,000.
Retainage has been held lower back at 10%. The contractor has received progress bills for 75%
of the challenge. The contractor submits a request for final price for the new finished mission.
The final charge amount have to be for... - ANS-More than $50,000
A non-exempt employee of a contractor covered via the Fair Labor Standards Act works 60
hours all through a workweek. The agreement is to pay the employee $four hundred each week
irrespective of the numbers of hours labored. What need to be the employee's gross pay for the
worksheet? - ANS-$seven hundred.50
A permit is received on Friday, May 1. The substances are to be brought May 8. The substances
are wished while labor starts on May eleven. It is expected that 15 days of exertions are
REQUIRED. The team will paintings every day, inclusive of weekends and holidays. The
challenge is scheduled to be finished on June 8. How many float days are to be had for the hard
work for this undertaking? - ANS-13
