WV CONTRACTORS CORE REVIEWS ANSWERS AND
QUESTIONS SET A+
If task D takes 2 more days to complete than originally schedule, how much will the
entire project be delayed?
a. 0 days
b. 1 day
c. 2 days
d. 3 days - ✔✔a. 0 days
✔✔Task/Day 22 23 24 25 26 27 28 29 30
Task 1 x x x
Task 2 x x
Task 3 x x
Task 4 x x x x x
Task 5 x x
Task 4 is dependent upon the completion of which task?
a. 1
b. 2
c. 3
d. 5 - ✔✔a. 1
✔✔1. What type of contract requires the contractor to be responsible for both the
engineering and construction of a project?
a. Traditional
b. Design build
c. Turn key
d. Concession - ✔✔b. Design build
✔✔2. By what date is an employer required to provide its employees with a W-2?
a. January 31
b. February 15
c. March 31
, d. April 15 - ✔✔a. January 31
✔✔3. When developing a project schedule, what does WBS stand for?
a. Work breakdown structure
b. Work building schedule
c. Wall board system
d. Whole build system - ✔✔a. Work breakdown structure
✔✔4. Overtime wages are paid at what percentage of the normal wage rate? - ✔✔c.
150%
✔✔5. Using the percentage method of withholding, what is the income tax deducted
form an employees wages that earns $1,500 per pay period, is paid bi-weekly, is single
and claims no deductions?
a. $82.95
b. 165.90
c. $194.50
d. $214.50 - ✔✔c. $194.50
✔✔6. What is the penalty for submitting an IRS payroll tax deposit in the amount of
$5,000 that is 2 days late?
a. $100
b. $250
c. $500
d. $750 - ✔✔a. $100
✔✔The accounting method that recognizes income and expenses only when money is
received or paid is called:
a. the PCM Method
b. the Accrual method
c. the cash method
d. the cost-comparison method - ✔✔c. the Cash method
✔✔Employers are required to notify employees of changes in policies affecting all the
following EXCEPT:
a. pay schedules
b vacation allowance
c. health benefits
d. promotion opportunities - ✔✔d. promotion opportunities
✔✔What is the process for obtaining a contractor license if the existing license has
lapsed? (Do not consider exceptions)
a. Submit a renewal application with the renewal fee.
b. Submit a renewal application, renewal fee and a $25 late fee.
QUESTIONS SET A+
If task D takes 2 more days to complete than originally schedule, how much will the
entire project be delayed?
a. 0 days
b. 1 day
c. 2 days
d. 3 days - ✔✔a. 0 days
✔✔Task/Day 22 23 24 25 26 27 28 29 30
Task 1 x x x
Task 2 x x
Task 3 x x
Task 4 x x x x x
Task 5 x x
Task 4 is dependent upon the completion of which task?
a. 1
b. 2
c. 3
d. 5 - ✔✔a. 1
✔✔1. What type of contract requires the contractor to be responsible for both the
engineering and construction of a project?
a. Traditional
b. Design build
c. Turn key
d. Concession - ✔✔b. Design build
✔✔2. By what date is an employer required to provide its employees with a W-2?
a. January 31
b. February 15
c. March 31
, d. April 15 - ✔✔a. January 31
✔✔3. When developing a project schedule, what does WBS stand for?
a. Work breakdown structure
b. Work building schedule
c. Wall board system
d. Whole build system - ✔✔a. Work breakdown structure
✔✔4. Overtime wages are paid at what percentage of the normal wage rate? - ✔✔c.
150%
✔✔5. Using the percentage method of withholding, what is the income tax deducted
form an employees wages that earns $1,500 per pay period, is paid bi-weekly, is single
and claims no deductions?
a. $82.95
b. 165.90
c. $194.50
d. $214.50 - ✔✔c. $194.50
✔✔6. What is the penalty for submitting an IRS payroll tax deposit in the amount of
$5,000 that is 2 days late?
a. $100
b. $250
c. $500
d. $750 - ✔✔a. $100
✔✔The accounting method that recognizes income and expenses only when money is
received or paid is called:
a. the PCM Method
b. the Accrual method
c. the cash method
d. the cost-comparison method - ✔✔c. the Cash method
✔✔Employers are required to notify employees of changes in policies affecting all the
following EXCEPT:
a. pay schedules
b vacation allowance
c. health benefits
d. promotion opportunities - ✔✔d. promotion opportunities
✔✔What is the process for obtaining a contractor license if the existing license has
lapsed? (Do not consider exceptions)
a. Submit a renewal application with the renewal fee.
b. Submit a renewal application, renewal fee and a $25 late fee.
