Contractors Business_Law Exam
Terms in this set (124)
If an employer's Federal Payroll Tax liability is $1000 quarterly
how may they pay taxes?
How many employees does it take for the Fair Labor 1
Act to be applied?
What accounting method records income when the Accrual Method
service occurs and expense when they are incurred?
What do the General Conditions of a contract do? Outline roles of the owner, architect, and engineer.
You are purchasing an insurance policy with a monthly Net saving of $140
premium of $300. If you implement a safety program
you can save 10% on the cost of the policy. The safety
program costs $400 to start and $15 a month to
maintain it. What would be the net difference in cost
over three year period with a safety program?
Written construction contract change order should The change in the contract dollar amount
include a description of the modification to be made,
any change in contract time and
Which of the following is a written agreement between change order
the owner and contractor to change the contract?
What term identifies money withheld from progress Retainage
payments to the contractor and paid after the
completion of the project?
When is final payment due? Final inspection, acceptance by owner and submittal of proper documentation
must occur
After hiring a disabled person, which of the following Require a medical examination of just the person you suspect is disabled.
can't you do, according to the American with
Disabilities Act?
The percentage of completion method of accounting recognizes profit as it is earned
does what
Workers are on a job site where noise is very loud. Who contractor (employer)
is supposed to supply the workers with ear protection?
Page 1 of 8
, Contractors Business_Law Exam
Where can you get accurate information about tax IRS Publication Circular E
deposit schedules?
Which of the following statements correctly describes Income / expenses are recorded at the time they are received / paid
the cash method of accounting?
What type of workplace insurance provides all the Workers Compensation
benefits required by law for employees' who are killed
or injured as a result of their employment
If an employee is covered by Workers Compensation in Yes, the Utah fund would cover the employee but the employer should look
the state of Utah and is doing a job in Colorado and into getting coverage in state of Colorado also.
gets injured, are they covered by Utah Workers
Compensation?
After the division receives an application for licensure, 5 days# NASLCA 2nd edition pg E-34 58-55-403
how many days does the division have to decide
whether to issue a license to that applicant?
With a Residential Small Commercial license (R100) how a four plex
many units can build for multi family units?
What will happen to the contractor if he fails to notify The license will be suspended.
the Division of Professional and Occupational Licensing
of a disassociation.
The company's work site exposes the employees Employer
working there to hazardous materials. Who is
responsible for making sure each person coming to the
site wears the correct protective equipment?
Which of the following SHOULD be included for the date or stage when each payment is due
schedule of progress payments
An employer must submit a completed I-9 form for all 3 days
employees within how may days of hire date?
Of the following who has the responsibility for material expediter
delivery and storage of materials
Page 2 of 8
Terms in this set (124)
If an employer's Federal Payroll Tax liability is $1000 quarterly
how may they pay taxes?
How many employees does it take for the Fair Labor 1
Act to be applied?
What accounting method records income when the Accrual Method
service occurs and expense when they are incurred?
What do the General Conditions of a contract do? Outline roles of the owner, architect, and engineer.
You are purchasing an insurance policy with a monthly Net saving of $140
premium of $300. If you implement a safety program
you can save 10% on the cost of the policy. The safety
program costs $400 to start and $15 a month to
maintain it. What would be the net difference in cost
over three year period with a safety program?
Written construction contract change order should The change in the contract dollar amount
include a description of the modification to be made,
any change in contract time and
Which of the following is a written agreement between change order
the owner and contractor to change the contract?
What term identifies money withheld from progress Retainage
payments to the contractor and paid after the
completion of the project?
When is final payment due? Final inspection, acceptance by owner and submittal of proper documentation
must occur
After hiring a disabled person, which of the following Require a medical examination of just the person you suspect is disabled.
can't you do, according to the American with
Disabilities Act?
The percentage of completion method of accounting recognizes profit as it is earned
does what
Workers are on a job site where noise is very loud. Who contractor (employer)
is supposed to supply the workers with ear protection?
Page 1 of 8
, Contractors Business_Law Exam
Where can you get accurate information about tax IRS Publication Circular E
deposit schedules?
Which of the following statements correctly describes Income / expenses are recorded at the time they are received / paid
the cash method of accounting?
What type of workplace insurance provides all the Workers Compensation
benefits required by law for employees' who are killed
or injured as a result of their employment
If an employee is covered by Workers Compensation in Yes, the Utah fund would cover the employee but the employer should look
the state of Utah and is doing a job in Colorado and into getting coverage in state of Colorado also.
gets injured, are they covered by Utah Workers
Compensation?
After the division receives an application for licensure, 5 days# NASLCA 2nd edition pg E-34 58-55-403
how many days does the division have to decide
whether to issue a license to that applicant?
With a Residential Small Commercial license (R100) how a four plex
many units can build for multi family units?
What will happen to the contractor if he fails to notify The license will be suspended.
the Division of Professional and Occupational Licensing
of a disassociation.
The company's work site exposes the employees Employer
working there to hazardous materials. Who is
responsible for making sure each person coming to the
site wears the correct protective equipment?
Which of the following SHOULD be included for the date or stage when each payment is due
schedule of progress payments
An employer must submit a completed I-9 form for all 3 days
employees within how may days of hire date?
Of the following who has the responsibility for material expediter
delivery and storage of materials
Page 2 of 8
