West Virginia Business and Law Study set 3
1. What is most important to consid- Profit- you don's want to bid on a job that will not result
er when bidding? in making money.
2. If an employee was injured bc Safety laws are the responsibility of the employer.
the contractor overlooked a haz-
ardous situation who is resonsi-
ble.
3. What color paint is normally used White paint
to mark an excavation area?
4. If there is no collective bargaining Twice a month
agreement the employer can pay
wages how often?
5. OSHA permit is normally required 5
for trenches that are ------feet or
more in-depth in which a person is
required to descend.
6. A customer wants to accept a bid Stick close to your bid even if it means losing the job.
but does not have enough money.
A wise contract decision would be
to:
7. What is not included in the price of Worker's compensation insurance program
your bid when bidding work?
8. A contractor must keep change or- By law
ders on file by?
9. What should be done with the File the copy in the contractor's office
contractor's copy of IRS W-2?
, West Virginia Business and Law Study set 3
10. State disability and income taxes Quarterly
are reported and paid how often?
11. If you get a quote from a material Firm on price but may not include all materials needed.
supplier, the quote is:
12. If an employer accrues more than Quarterly, based on the calendar year
$500 in federal withholding and
social security taxes, tax deposits
must be made?
13. Who pays federal unemployment The employer
insurance?
14. Once a subcontractor signs an The subcontractor cannot ask anything more of the own-
unconditional waiver and release. er.
This means that:
15. Who is responsible for selecting Doctor
materials when refilling a first-aid
kit for a job site?
16. Good accounting records are nec- Obtaining financing, maintaining financial statements &
essary for? effective management
17. How long must an employer keep A minimum of 4 years
records of FUTA and other federal
payroll taxes?
18. If you include depreciation on Your net income will be greater than it should be in the
your income statement the first 2nd year.
year in business, but do not in-
clude it in the second year, how
1. What is most important to consid- Profit- you don's want to bid on a job that will not result
er when bidding? in making money.
2. If an employee was injured bc Safety laws are the responsibility of the employer.
the contractor overlooked a haz-
ardous situation who is resonsi-
ble.
3. What color paint is normally used White paint
to mark an excavation area?
4. If there is no collective bargaining Twice a month
agreement the employer can pay
wages how often?
5. OSHA permit is normally required 5
for trenches that are ------feet or
more in-depth in which a person is
required to descend.
6. A customer wants to accept a bid Stick close to your bid even if it means losing the job.
but does not have enough money.
A wise contract decision would be
to:
7. What is not included in the price of Worker's compensation insurance program
your bid when bidding work?
8. A contractor must keep change or- By law
ders on file by?
9. What should be done with the File the copy in the contractor's office
contractor's copy of IRS W-2?
, West Virginia Business and Law Study set 3
10. State disability and income taxes Quarterly
are reported and paid how often?
11. If you get a quote from a material Firm on price but may not include all materials needed.
supplier, the quote is:
12. If an employer accrues more than Quarterly, based on the calendar year
$500 in federal withholding and
social security taxes, tax deposits
must be made?
13. Who pays federal unemployment The employer
insurance?
14. Once a subcontractor signs an The subcontractor cannot ask anything more of the own-
unconditional waiver and release. er.
This means that:
15. Who is responsible for selecting Doctor
materials when refilling a first-aid
kit for a job site?
16. Good accounting records are nec- Obtaining financing, maintaining financial statements &
essary for? effective management
17. How long must an employer keep A minimum of 4 years
records of FUTA and other federal
payroll taxes?
18. If you include depreciation on Your net income will be greater than it should be in the
your income statement the first 2nd year.
year in business, but do not in-
clude it in the second year, how
