1
NASCLA CONTRACTORS GUIDE ARKANSAS 5TH
EDITION NEWEST ACTUAL 2025/2026 WITH
COMPLETE QUESTIONS AND ANSWERS
.VERIFED/GRADED A+/A
How many members of the board are consumers? - (ANSWER)2
what laws secure the right of employees to decide if they wish to support or join a
union? - (ANSWER)right to work
__________ is anything of value - (ANSWER)Consideration
which of the following establishes an employee's eligibility to leagally work in the
united states? - (ANSWER)Social Security Card
which of the following should not be tolerated at a job site? - (ANSWER)foul
language
enployers engage in building repair work with __________or more employees are
required to carry workers compensation - (ANSWER)2
If an employee earns 112,000 per year, what is the total amount of FICA to be
paid in? - (ANSWER)15,896 (112,000 X 2.9=3,248 (total medicare) 102,000 X
12.4=12,648 (total social security) 12,648+3,248=15,896
, 2
which of the following iteams are not added after estimating materials and labor?
- (ANSWER)material consumption
which is not a purpose of marketing - (ANSWER)open a check account
which of the following establishes an employee's identity to leagally work in the
United States? - (ANSWER)Drivers License
What is the return on total assets if there is a net profit (after taxes) or 16,000
and total assets of $48,000? - (ANSWER)1/3 (chapter 14-7)
all of the following are part of bid documents, Bid form , invitation to Bid, and
Addenda except - (ANSWER)Form of Agreement
Which of the following is not used to pay taxes - (ANSWER)W4
A sole proprietor is taxed on _______? - (ANSWER)ordinary income
How many years have to pass when a license expires to be determined nil? -
(ANSWER)2
The purpose of workers compensation is to allow for monetary compensation
when an employee is? - (ANSWER)injured from work
, 3
_________ is a provision written into contract that is used to limit risk in case of
labor strikes? - (ANSWER)Force majeure
New applications for licensure must have______the net worth? - (ANSWER)1/2
An EAP is required for to be in writting for ______ employees or more? -
(ANSWER)11
What form is used to report FUTA taxes? - (ANSWER)940
When handling change order, one should always do the following except?(invoice
change order work immediately, included complimentary work done without
charge, show labor and quantity details) - (ANSWER)signed change order is not
required
State umemployment tax reports are dueby ____? - (ANSWER)January 31
Generally, which of the following is not a business tax? ( employment tax, self-
employment tax, income tax are) - (ANSWER)property tax
What is a quick ratio (or acid test ratio) for company that hascurrent assets of
$28,000, inventory of $4,000, and current liabilities of $6,000? - (ANSWER)4/1 (
chapter 14-6 )
NASCLA CONTRACTORS GUIDE ARKANSAS 5TH
EDITION NEWEST ACTUAL 2025/2026 WITH
COMPLETE QUESTIONS AND ANSWERS
.VERIFED/GRADED A+/A
How many members of the board are consumers? - (ANSWER)2
what laws secure the right of employees to decide if they wish to support or join a
union? - (ANSWER)right to work
__________ is anything of value - (ANSWER)Consideration
which of the following establishes an employee's eligibility to leagally work in the
united states? - (ANSWER)Social Security Card
which of the following should not be tolerated at a job site? - (ANSWER)foul
language
enployers engage in building repair work with __________or more employees are
required to carry workers compensation - (ANSWER)2
If an employee earns 112,000 per year, what is the total amount of FICA to be
paid in? - (ANSWER)15,896 (112,000 X 2.9=3,248 (total medicare) 102,000 X
12.4=12,648 (total social security) 12,648+3,248=15,896
, 2
which of the following iteams are not added after estimating materials and labor?
- (ANSWER)material consumption
which is not a purpose of marketing - (ANSWER)open a check account
which of the following establishes an employee's identity to leagally work in the
United States? - (ANSWER)Drivers License
What is the return on total assets if there is a net profit (after taxes) or 16,000
and total assets of $48,000? - (ANSWER)1/3 (chapter 14-7)
all of the following are part of bid documents, Bid form , invitation to Bid, and
Addenda except - (ANSWER)Form of Agreement
Which of the following is not used to pay taxes - (ANSWER)W4
A sole proprietor is taxed on _______? - (ANSWER)ordinary income
How many years have to pass when a license expires to be determined nil? -
(ANSWER)2
The purpose of workers compensation is to allow for monetary compensation
when an employee is? - (ANSWER)injured from work
, 3
_________ is a provision written into contract that is used to limit risk in case of
labor strikes? - (ANSWER)Force majeure
New applications for licensure must have______the net worth? - (ANSWER)1/2
An EAP is required for to be in writting for ______ employees or more? -
(ANSWER)11
What form is used to report FUTA taxes? - (ANSWER)940
When handling change order, one should always do the following except?(invoice
change order work immediately, included complimentary work done without
charge, show labor and quantity details) - (ANSWER)signed change order is not
required
State umemployment tax reports are dueby ____? - (ANSWER)January 31
Generally, which of the following is not a business tax? ( employment tax, self-
employment tax, income tax are) - (ANSWER)property tax
What is a quick ratio (or acid test ratio) for company that hascurrent assets of
$28,000, inventory of $4,000, and current liabilities of $6,000? - (ANSWER)4/1 (
chapter 14-6 )
