Contractors Business/Law Exam 2027 questions and
answers
C
1/8
, If an employer's Federal Payroll Tax liability is $1000 how quarterly
may they pay taxes?
How many employees does it taḳe for the Fair Labor Act 1
to be applied?
What accounting method records income when the Accrual Method
service occurs and expense when they are incurred?
What do the General Conditions of a contract do? Outline roles of the owner, architect, and engineer.
You are purchasing an insurance policy with a monthly Net saving of $140
premium of $300. If you implement a safety program you
can save 10% on the cost of the policy. The safety
program costs $400 to start and $15 a month to maintain
it. What would be the net difference in cost over three
year period with a safety program?
Written construction contract change order should The change in the contract dollar amount
include a description of the modification to be made, any
change in contract time and
Which of the following is a written agreement between change order
the owner and contractor to change the contract?
What term identifies money withheld from progress Retainage
payments to the contractor and paid after the completion
of the proǰect?
When is final payment due? Final inspection, acceptance by owner and submittal of proper documentation
must occur
After hiring a disabled person, which of the following Require a medical examination of ǰust the person you suspect is disabled.
can't you do, according to the American with Disabilities
Act?
2/8
answers
C
1/8
, If an employer's Federal Payroll Tax liability is $1000 how quarterly
may they pay taxes?
How many employees does it taḳe for the Fair Labor Act 1
to be applied?
What accounting method records income when the Accrual Method
service occurs and expense when they are incurred?
What do the General Conditions of a contract do? Outline roles of the owner, architect, and engineer.
You are purchasing an insurance policy with a monthly Net saving of $140
premium of $300. If you implement a safety program you
can save 10% on the cost of the policy. The safety
program costs $400 to start and $15 a month to maintain
it. What would be the net difference in cost over three
year period with a safety program?
Written construction contract change order should The change in the contract dollar amount
include a description of the modification to be made, any
change in contract time and
Which of the following is a written agreement between change order
the owner and contractor to change the contract?
What term identifies money withheld from progress Retainage
payments to the contractor and paid after the completion
of the proǰect?
When is final payment due? Final inspection, acceptance by owner and submittal of proper documentation
must occur
After hiring a disabled person, which of the following Require a medical examination of ǰust the person you suspect is disabled.
can't you do, according to the American with Disabilities
Act?
2/8
