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Examination Guide Questions with
Verified Answers | Grade A | 100%
Correct
Question:
What is net profit of a job
Answer:
Net profit is the final profit of any job after expenses.
Question:
Must a subcontractor be licensed by DCA
Answer:
Yes. A subcontractor as opposed to an employee of a general contractor, must
have a DCA license to perform home improvement work in New York City
,Question:
What are some of your Obligations with regard to employees?
Answer:
you must cover employees with workers' Compensation and disability
insurance. Must report employee wages to the internal Revenue Service, and
you must withhold taxes.
Question:
What is an additional obligation with regard to employees?
Answer:
You must comply with the Federal Immigration laws, which require
employers to ensure that employees have legal authority to work in the united
States.
Question:
Can a contractor elect to secure a bond or participate in DCA's Home
improvement Trust Fund?
Answer:
Yes. A contractor can either secure a bond or contribute to DCA's home
Improvement Trust Fund Every Two Years
, Question:
What is needed to paint the exterior of a house with more than one story?
Answer:
You may require a suspended scaffold and a rigging permit from DOB to paint
the
exterior of a home that is one story or more, unless you can use a ladder to do
the job.
You must contact DOB for more information before beginning this work.
Question:
Whose responsibility is it to obtain an amended Certificate of Occupancy?
Answer:
If an amended Certificate of Occupancy is needed, it is the contractor's
responsibility to
obtain it for the consumer. A registered architect or professional engineer
must file the actual amended Certificate of Occupancy at DOB.