VA CONTRACTORS EXAM (LATEST) || MOST RECENT EXAM
2026|2027 ACTUAL COMPLETE REAL EXAM QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS) ALREADY GRADED
A+ | GUARANTEED SUCCESS!! NEWEST EXAM | JUST
RELEASED!!
the same for the current year. The company desires to make a 10%
profit on a project it is bidding. The project would have $80,000 in
direct costs. What should the bid price be? -ANSWERS-Between
$110,000 and $120,000
How much state income tax MUST be paid by a corporation that has
$30,000 of Federal taxable income? The company deducted $2,000 of
state and local taxes on the Federal return, and had $2,000 of qualified
worker retraining expenses. The corporation does business ONLY in
Virginia. -ANSWERS-$1,080
How much is an employer who withheld employee Medicare and Social
Security taxes or $765 required to send to the IRS? -ANSWERS-$1,530
An insurer offers the contractor a 20% per year reduction in premiums
if the contractor has a defied safety program in place. The insurer's
standard rates are $8 per $1,000 of coverage. The contractor has
$300,000 in coverage. How much in premiums will the contractor save
a 3-year period by having a defined safety program in place? -
ANSWERS-Between $1,001 and $1,500
, Where would depreciation of equipment first be entered? -ANSWERS-
General journal
What is the gross pay of a non-exempt employee who works 45 hours
during a holiday week, and receives 8 hours additional pay for the
holiday? The employee earns $12.50 per hour. -ANSWERS-$693.75
A contractor pays a workers' compensation rate of $0.08 per $100 of
office employee payroll, $0.15 per $100 of field supervisor payroll, and
$0.26 per $100 of field employee payroll. Total office employee payroll
for the year is $25,000. Total field supervisor payroll is $48,000. Total
field employee payroll is $225,000. The contractor receives a discount
of 5% of total premiums for having a safety program in place. The total
workers' compensation for the year is... -ANSWERS-More than $600
A permit is obtained on Friday, May 1. The materials are to be delivered
May 8. The materials are needed when labor begins on May 11. It is
estimated that 15 days of labor are REQUIRED. The crew will work
every day, including weekends and holidays. The project is scheduled to
be completed on June 8. How many float days are available for the
labor for this project? -ANSWERS-13
A contractor puts in a claim under a comprehensive standard general
liability policy. The policy has no additional coverage, riders, or floaters,
and has a $500 deductible per occurrence. The claim is for a job-site
accident that caused $2,000 of injuries to employees, $1,800 of injuries
2026|2027 ACTUAL COMPLETE REAL EXAM QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS) ALREADY GRADED
A+ | GUARANTEED SUCCESS!! NEWEST EXAM | JUST
RELEASED!!
the same for the current year. The company desires to make a 10%
profit on a project it is bidding. The project would have $80,000 in
direct costs. What should the bid price be? -ANSWERS-Between
$110,000 and $120,000
How much state income tax MUST be paid by a corporation that has
$30,000 of Federal taxable income? The company deducted $2,000 of
state and local taxes on the Federal return, and had $2,000 of qualified
worker retraining expenses. The corporation does business ONLY in
Virginia. -ANSWERS-$1,080
How much is an employer who withheld employee Medicare and Social
Security taxes or $765 required to send to the IRS? -ANSWERS-$1,530
An insurer offers the contractor a 20% per year reduction in premiums
if the contractor has a defied safety program in place. The insurer's
standard rates are $8 per $1,000 of coverage. The contractor has
$300,000 in coverage. How much in premiums will the contractor save
a 3-year period by having a defined safety program in place? -
ANSWERS-Between $1,001 and $1,500
, Where would depreciation of equipment first be entered? -ANSWERS-
General journal
What is the gross pay of a non-exempt employee who works 45 hours
during a holiday week, and receives 8 hours additional pay for the
holiday? The employee earns $12.50 per hour. -ANSWERS-$693.75
A contractor pays a workers' compensation rate of $0.08 per $100 of
office employee payroll, $0.15 per $100 of field supervisor payroll, and
$0.26 per $100 of field employee payroll. Total office employee payroll
for the year is $25,000. Total field supervisor payroll is $48,000. Total
field employee payroll is $225,000. The contractor receives a discount
of 5% of total premiums for having a safety program in place. The total
workers' compensation for the year is... -ANSWERS-More than $600
A permit is obtained on Friday, May 1. The materials are to be delivered
May 8. The materials are needed when labor begins on May 11. It is
estimated that 15 days of labor are REQUIRED. The crew will work
every day, including weekends and holidays. The project is scheduled to
be completed on June 8. How many float days are available for the
labor for this project? -ANSWERS-13
A contractor puts in a claim under a comprehensive standard general
liability policy. The policy has no additional coverage, riders, or floaters,
and has a $500 deductible per occurrence. The claim is for a job-site
accident that caused $2,000 of injuries to employees, $1,800 of injuries
