sas
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~NASCLA
5th !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
edition.pdf&&&&&&&&&&&&&&&&&&@#%%%%%%%%%%%%%%%%%%%%%%%*!^(((((((((((((((((((((((((((((((((((((#&*^)(
Contractors Guide Arkansas 5th edition.pdf&&&&&&&&&&&&&&&&&&
NASCLA Contractors Guide Arkansas 5th
edition
2 - CORRECT ANSWER-How many members of the board are consumers?
right to work - CORRECT ANSWER-what laws secure the right of employees to
decide if they wish to support or join a union?
Consideration - CORRECT ANSWER-__________ is anything of value
Social Security Card - CORRECT ANSWER-which of the following establishes
an employee's eligibility to leagally work in the united states?
foul language - CORRECT ANSWER-which of the following should not be
tolerated at a job site?
2 - CORRECT ANSWER-enployers engage in building repair work with
__________or more employees are required to carry workers compensation
15,896 (112,000 X 2.9=3,248 (total medicare) 102,000 X 12.4=12,648 (total
social security) 12,648+3,248=15,896 - CORRECT ANSWER-If an employee
earns 112,000 per year, what is the total amount of FICA to be paid in?
material consumption - CORRECT ANSWER-which of the following iteams are
not added after estimating materials and labor?
open a check account - CORRECT ANSWER-which is not a purpose of
marketing
Drivers License - CORRECT ANSWER-which of the following establishes an
employee's identity to leagally work in the United States?
1/3 (chapter 14-7) - CORRECT ANSWER-What is the return on total assets if
there is a net profit (after taxes) or 16,000 and total assets of $48,000?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~NASCLA
dition.pdf&&&&&&&&&&&&&&&&&&@#%%%%%%%%%%%%%%%%%%%%%%%*!^(((((((((((((((((((((((((((((((((((((#&*^)(((((((((((((
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Contractors Guide Arkansas 5th edition.pdf
,sas
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~NASCLA
5th !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
edition.pdf&&&&&&&&&&&&&&&&&&@#%%%%%%%%%%%%%%%%%%%%%%%*!^(((((((((((((((((((((((((((((((((((((#&*^)(
Contractors Guide Arkansas 5th edition.pdf&&&&&&&&&&&&&&&&&&
Form of Agreement - CORRECT ANSWER-all of the following are part of bid
documents, Bid form , invitation to Bid, and Addenda except
W4 - CORRECT ANSWER-Which of the following is not used to pay taxes
ordinary income - CORRECT ANSWER-A sole proprietor is taxed on _______?
2 - CORRECT ANSWER-How many years have to pass when a license expires
to be determined nil?
injured from work - CORRECT ANSWER-The purpose of workers compensation
is to allow for monetary compensation when an employee is?
Force majeure - CORRECT ANSWER-_________ is a provision written into
contract that is used to limit risk in case of labor strikes?
1/2 - CORRECT ANSWER-New applications for licensure must have______the
net worth?
11 - CORRECT ANSWER-An EAP is required for to be in writting for ______
employees or more?
940 - CORRECT ANSWER-What form is used to report FUTA taxes?
signed change order is not required - CORRECT ANSWER-When handling
change order, one should always do the following except?(invoice change order
work immediately, included complimentary work done without charge, show labor
and quantity details)
January 31 - CORRECT ANSWER-State umemployment tax reports are dueby
____?
property tax - CORRECT ANSWER-Generally, which of the following is not a
business tax? ( employment tax, self- employment tax, income tax are)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~NASCLA
dition.pdf&&&&&&&&&&&&&&&&&&@#%%%%%%%%%%%%%%%%%%%%%%%*!^(((((((((((((((((((((((((((((((((((((#&*^)(((((((((((((
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Contractors Guide Arkansas 5th edition.pdf
,sas
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~NASCLA
5th !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
edition.pdf&&&&&&&&&&&&&&&&&&@#%%%%%%%%%%%%%%%%%%%%%%%*!^(((((((((((((((((((((((((((((((((((((#&*^)(
Contractors Guide Arkansas 5th edition.pdf&&&&&&&&&&&&&&&&&&
4/1 ( chapter 14-6 ) - CORRECT ANSWER-What is a quick ratio (or acid test
ratio) for company that hascurrent assets of $28,000, inventory of $4,000, and
current liabilities of $6,000?
General Partners - CORRECT ANSWER-A management team for a limited
partnership consists of?
income statement - CORRECT ANSWER-What type of financial statement is
used to establish revenues and expenses over a period of time?
project manager - CORRECT ANSWER-Which of the following is not a member
of the supervisory team?
$100 - CORRECT ANSWER-How much will a license pay if they file a renewal
within 30 days after expiration?
payment bond protections are void before work begins - CORRECT
ANSWER-The construction industry payment protection act of 1999 states
____________
insuranse - CORRECT ANSWER-All but which of the following is a guideline for
job description? (SKA, Certificates, responsibilities are)
$35,000 ( Chapter 14-8) - CORRECT ANSWER-What is a bill overage/
deficiency when there are cumulative earnings of $90,000 and the amount billed
to date is $55,000
1099 - CORRECT ANSWER-If subcontractor laborer earns $600 or more what
form is used?
laid off - CORRECT ANSWER-Umemployment insurance is for employees who
have been__________
A decrease of $3780 (16,000+3250=19250 changes, 19000+3400=22400 orginal
amount, 22400-19250=3150*20%=630+3150=3780) - CORRECT ANSWER-The
owner requests for changes which will cost the contractor $16,000 in labor and
materials and $3,250 in overhead costs. With the change, the contractor would
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~NASCLA
dition.pdf&&&&&&&&&&&&&&&&&&@#%%%%%%%%%%%%%%%%%%%%%%%*!^(((((((((((((((((((((((((((((((((((((#&*^)(((((((((((((
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Contractors Guide Arkansas 5th edition.pdf
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~NASCLA
5th !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
edition.pdf&&&&&&&&&&&&&&&&&&@#%%%%%%%%%%%%%%%%%%%%%%%*!^(((((((((((((((((((((((((((((((((((((#&*^)(
Contractors Guide Arkansas 5th edition.pdf&&&&&&&&&&&&&&&&&&
NASCLA Contractors Guide Arkansas 5th
edition
2 - CORRECT ANSWER-How many members of the board are consumers?
right to work - CORRECT ANSWER-what laws secure the right of employees to
decide if they wish to support or join a union?
Consideration - CORRECT ANSWER-__________ is anything of value
Social Security Card - CORRECT ANSWER-which of the following establishes
an employee's eligibility to leagally work in the united states?
foul language - CORRECT ANSWER-which of the following should not be
tolerated at a job site?
2 - CORRECT ANSWER-enployers engage in building repair work with
__________or more employees are required to carry workers compensation
15,896 (112,000 X 2.9=3,248 (total medicare) 102,000 X 12.4=12,648 (total
social security) 12,648+3,248=15,896 - CORRECT ANSWER-If an employee
earns 112,000 per year, what is the total amount of FICA to be paid in?
material consumption - CORRECT ANSWER-which of the following iteams are
not added after estimating materials and labor?
open a check account - CORRECT ANSWER-which is not a purpose of
marketing
Drivers License - CORRECT ANSWER-which of the following establishes an
employee's identity to leagally work in the United States?
1/3 (chapter 14-7) - CORRECT ANSWER-What is the return on total assets if
there is a net profit (after taxes) or 16,000 and total assets of $48,000?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~NASCLA
dition.pdf&&&&&&&&&&&&&&&&&&@#%%%%%%%%%%%%%%%%%%%%%%%*!^(((((((((((((((((((((((((((((((((((((#&*^)(((((((((((((
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Contractors Guide Arkansas 5th edition.pdf
,sas
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~NASCLA
5th !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
edition.pdf&&&&&&&&&&&&&&&&&&@#%%%%%%%%%%%%%%%%%%%%%%%*!^(((((((((((((((((((((((((((((((((((((#&*^)(
Contractors Guide Arkansas 5th edition.pdf&&&&&&&&&&&&&&&&&&
Form of Agreement - CORRECT ANSWER-all of the following are part of bid
documents, Bid form , invitation to Bid, and Addenda except
W4 - CORRECT ANSWER-Which of the following is not used to pay taxes
ordinary income - CORRECT ANSWER-A sole proprietor is taxed on _______?
2 - CORRECT ANSWER-How many years have to pass when a license expires
to be determined nil?
injured from work - CORRECT ANSWER-The purpose of workers compensation
is to allow for monetary compensation when an employee is?
Force majeure - CORRECT ANSWER-_________ is a provision written into
contract that is used to limit risk in case of labor strikes?
1/2 - CORRECT ANSWER-New applications for licensure must have______the
net worth?
11 - CORRECT ANSWER-An EAP is required for to be in writting for ______
employees or more?
940 - CORRECT ANSWER-What form is used to report FUTA taxes?
signed change order is not required - CORRECT ANSWER-When handling
change order, one should always do the following except?(invoice change order
work immediately, included complimentary work done without charge, show labor
and quantity details)
January 31 - CORRECT ANSWER-State umemployment tax reports are dueby
____?
property tax - CORRECT ANSWER-Generally, which of the following is not a
business tax? ( employment tax, self- employment tax, income tax are)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~NASCLA
dition.pdf&&&&&&&&&&&&&&&&&&@#%%%%%%%%%%%%%%%%%%%%%%%*!^(((((((((((((((((((((((((((((((((((((#&*^)(((((((((((((
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Contractors Guide Arkansas 5th edition.pdf
,sas
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~NASCLA
5th !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
edition.pdf&&&&&&&&&&&&&&&&&&@#%%%%%%%%%%%%%%%%%%%%%%%*!^(((((((((((((((((((((((((((((((((((((#&*^)(
Contractors Guide Arkansas 5th edition.pdf&&&&&&&&&&&&&&&&&&
4/1 ( chapter 14-6 ) - CORRECT ANSWER-What is a quick ratio (or acid test
ratio) for company that hascurrent assets of $28,000, inventory of $4,000, and
current liabilities of $6,000?
General Partners - CORRECT ANSWER-A management team for a limited
partnership consists of?
income statement - CORRECT ANSWER-What type of financial statement is
used to establish revenues and expenses over a period of time?
project manager - CORRECT ANSWER-Which of the following is not a member
of the supervisory team?
$100 - CORRECT ANSWER-How much will a license pay if they file a renewal
within 30 days after expiration?
payment bond protections are void before work begins - CORRECT
ANSWER-The construction industry payment protection act of 1999 states
____________
insuranse - CORRECT ANSWER-All but which of the following is a guideline for
job description? (SKA, Certificates, responsibilities are)
$35,000 ( Chapter 14-8) - CORRECT ANSWER-What is a bill overage/
deficiency when there are cumulative earnings of $90,000 and the amount billed
to date is $55,000
1099 - CORRECT ANSWER-If subcontractor laborer earns $600 or more what
form is used?
laid off - CORRECT ANSWER-Umemployment insurance is for employees who
have been__________
A decrease of $3780 (16,000+3250=19250 changes, 19000+3400=22400 orginal
amount, 22400-19250=3150*20%=630+3150=3780) - CORRECT ANSWER-The
owner requests for changes which will cost the contractor $16,000 in labor and
materials and $3,250 in overhead costs. With the change, the contractor would
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~NASCLA
dition.pdf&&&&&&&&&&&&&&&&&&@#%%%%%%%%%%%%%%%%%%%%%%%*!^(((((((((((((((((((((((((((((((((((((#&*^)(((((((((((((
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Contractors Guide Arkansas 5th edition.pdf
