NEVADA CONCRETE CONTRACTOR C-5 LICENSE
PRACTICE EXAMINATION||JUST RELEASED!!
Employers are required to to give a W -2 to an employee
that quits ________. - ANSWER--Anytime, but no later
than January 31st or within 30 days if employee requests
it sooner.
A _____ bond protects the owner from subcontractors,
laborers, and material suppliers placing a lien upon the
owner's property? - ANSWER--Payment
,If a construction project itself is hit by lightening and
damaged, you would be covered by? - ANSWER--Named
serial insurance
What is the maximum administrative fine for a license if he
allows his license to be used by an unlicensed person or
the licensee acts in the capacity of a contractor beyond
the scope of the license? - ANSWER--$50,000
Under Federal law, accurate payroll and education
information is mandatory and large fines could be
assessed for failure to properly file or pay? - ANSWER--
All:
Income Taxes
,Unemployment
Social Security
The most simple depreciation procedure that will write off
a depreciable asset at uniform rate is? - ANSWER--
Straight line method
Using the financial statement below, What is the
Company's net worth?
Gross Sales $90,500
Direct Cost $54,300
Total Assets $110,480
Total Liabilities $24,00 - ANSWER--$86,480
, The licensee gives notice within 10 days of their qualified
employee (QE) leaving the company. How many days
does the company have to replace the QE? - ANSWER--
30 days
What is a required of a partnership? - ANSWER--Written
agreement
The State of Nevada has established a Residential
Recovery Fund for the benefit of Nevada homeowners and
under certain conditions the fund provides limited
monetary compensation to _______ in the event that they
have been damaged by the contractor's failure to
appropriately execute a contract and have exhausted all
PRACTICE EXAMINATION||JUST RELEASED!!
Employers are required to to give a W -2 to an employee
that quits ________. - ANSWER--Anytime, but no later
than January 31st or within 30 days if employee requests
it sooner.
A _____ bond protects the owner from subcontractors,
laborers, and material suppliers placing a lien upon the
owner's property? - ANSWER--Payment
,If a construction project itself is hit by lightening and
damaged, you would be covered by? - ANSWER--Named
serial insurance
What is the maximum administrative fine for a license if he
allows his license to be used by an unlicensed person or
the licensee acts in the capacity of a contractor beyond
the scope of the license? - ANSWER--$50,000
Under Federal law, accurate payroll and education
information is mandatory and large fines could be
assessed for failure to properly file or pay? - ANSWER--
All:
Income Taxes
,Unemployment
Social Security
The most simple depreciation procedure that will write off
a depreciable asset at uniform rate is? - ANSWER--
Straight line method
Using the financial statement below, What is the
Company's net worth?
Gross Sales $90,500
Direct Cost $54,300
Total Assets $110,480
Total Liabilities $24,00 - ANSWER--$86,480
, The licensee gives notice within 10 days of their qualified
employee (QE) leaving the company. How many days
does the company have to replace the QE? - ANSWER--
30 days
What is a required of a partnership? - ANSWER--Written
agreement
The State of Nevada has established a Residential
Recovery Fund for the benefit of Nevada homeowners and
under certain conditions the fund provides limited
monetary compensation to _______ in the event that they
have been damaged by the contractor's failure to
appropriately execute a contract and have exhausted all
