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Exam (elaborations)

Part-1, Florida Contractor Exam, (Business and Finance) Questions with Correct Answers 2025

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Part-1, Florida Contractor Exam, (Business and Finance) Questions with Correct Answers 2025

Institution
Florida Fl Septic Tank Contractor
Course
Florida fl septic tank contractor

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Part-1, Florida Contractor Exam, ( Business and
Finance) Questions with Correct Answers 2025
AccordingBAIA,BtheBcontractorBshallBpayBtheBsubcontractorBwithinB_________BdaysBafterBtheBcontr
actorBreceivesBpaymentBformBtheBowner

.BA.BthreeBworking

BBfiveBcalendar

C.BfiveBworkingB

D.BsevenBworkingB-BCORRECTBANSWERB-D.BsevenBWorkingBdays



ABregisteredBcontractorBmayBapplyBforB"grandfathering"BasBcertifiedBcontractorBafter______Byears
BofBexperience.B



B A.B2

B.B4

C.B5

D.B10B-BCORRECTBANSWERB-c.B5



WhenBmakingBbusinessBplanBtoBstartBupBbusiness,BitBisBimperativeBtoBknowBwhoBandBwhereBtheB__
____are.B

A.Bemployees

B.Badvertisers

C.Bcompetitors

D.BprofessionalsB-BCORRECTBANSWERB-C.Bcompetitors



HavingBreceivedBtheBlistBofBsubcontractors,BtheBarchitectBimmediatelyBobjectsBtoBtheBuseBofBplum
berBX'sBcompany.BTheBgeneralBcontractorBpromptlyBproposesBusingBplumbingBY'sBcompanyBatBhigh
erBcostBofB$5,000.BWhatBisBtheBgeneralBcontractorBentitledBto?B

, A.BnothingB

B.BaBtimeBextensionBonlyB

C.$5,000BplusBapprovedBtimeBextensionB

D.BcontractBwithBownerBneedsBtoBbeBrenegotiatedB-BCORRECTBANSWERB-
C.B$5000BplusBapprovedBtomeBextension



IfBoneBofByourBworkersBfoundBtoBbeBanBemployeeBandBnotBanBindependentBcontractor,BwhichBofBth
eBfollowingBmayBtheBIRSBdetermineByouBareBliableBtoBpay?B

A.FICABandBincomeBtax

B.BaccruedBvacationBtime

C.BlegalBexpensesBofBtheBworkersB

D.BWorker'sBCompensationBpremiumsB-BCORRECTBANSWERB-A.BFICABandBincomeBtax



ABmaterialBsupplierBhasBofferedBpaymentBtermsBofB2%B10Bdays/netB30Bdays.BAssumingBtheBinvoiceB
receivedBAugustB17thBforB$2,500BisBpaidBAugustB30th,BwhatBwouldBbeBtheBTOTALBpayment?B

A.$2,450B

B.B$2,495B

C.B$2,500B

D.B$2,550B-BCORRECTBANSWERB-C.B$2500



AssistanceBinBidentifyingBsourcesBofBavailableBbusinessBfinancingBcouldBbeBobtainedBfromBthe

A.BDepartmentBofBRevenue

B.BU.S.BInternalBRevenueBServiceB

C.BSmallBBusinessBAdministrationB

D.BFloridaBDepartmentBofBCommerceBandBEconomicBDevelopmentB-BCORRECTBANSWERB-
C.BSmallBBuisnessBAdministration
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Institution
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Florida fl septic tank contractor

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Uploaded on
May 15, 2025
Number of pages
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Written in
2024/2025
Type
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Questions & answers

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  • part 1 florida contractor exam business and fi
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