FLORIDA BUILDING CONTRACTOR BUSINESS/FINANCE
STUDY EXAM | ALL QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) | ALREEADY GRADED A+ | 2025/2026
LATEST EXAM | JUST RELEASED !!
An employee must be at least ____ years old to work in most
non-farm jobs an dat least ____ to work in non-farm jobs
declared hazardous by the Secretary of Labor. - ANSWER-
16:18
What are the Penalties for contracting without a License in
Florida? - ANSWER-First degree misdemeanor, with
penalties of up to one year in jail and a $1000 fine.
In the event that an employee quits without prior notice the
contractor must pay wages: - ANSWER-In full, paid a the
next regular pay period.
Do I need a bond to act as the Financially Resposibile
Officer of a construction business? - ANSWER-All
financially responsibility officers must have a bond in the
amount of $100,000.
, One of the most common reasons that a license is
suspended is: - ANSWER-A lapse of the contractors bond
If an employee works 50 hours in one week. If the hourly
wage rate is $12, what are the gross wages? - ANSWER-$660
(40 x 12 =$480, 10 x 12 x 1.5 = $180)
What happens if the Construction Industry Licensing Board
votes to deny my application? - ANSWER-The notice
includes details on how to file an appeal
A health and safety order must be: - ANSWER-Posted in a
conspicuous place a the job site
FICA is paid by whom? - ANSWER-50% employer, 50%
employee
A completion date is enforceable only when it is written: -
ANSWER-And reasonable to contractural parties
When a contract includes a "complete agreement" clause: -
ANSWER-The contractor and owner are bonded by the exact
works of the document
, This type of construction contract is intended usually has
the greatest amount of competition: - ANSWER-Open
The rate for the Social Security tax (excluding the Medicare
tax) that is withheld from employees' salaries and wages up
to a specified annual amount is: - ANSWER-6.2%
If an employee is injured due to a contractor who overlooked
a hazardous situation who is responsible? - ANSWER-The
employer is responsible
Wha this usually described in contract specifications? -
ANSWER-Test and code requirements
A contractor must include, in a contract, a schedule of: -
ANSWER-
Approximate starting and completion dates
When marking an excavation area, the color normally used
is: - ANSWER-White
The MAIN purpose of bid bonds as security for submitted
proposals is that they: - ANSWER-Will hold subcontractors
accountable for their sub-bids
STUDY EXAM | ALL QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) | ALREEADY GRADED A+ | 2025/2026
LATEST EXAM | JUST RELEASED !!
An employee must be at least ____ years old to work in most
non-farm jobs an dat least ____ to work in non-farm jobs
declared hazardous by the Secretary of Labor. - ANSWER-
16:18
What are the Penalties for contracting without a License in
Florida? - ANSWER-First degree misdemeanor, with
penalties of up to one year in jail and a $1000 fine.
In the event that an employee quits without prior notice the
contractor must pay wages: - ANSWER-In full, paid a the
next regular pay period.
Do I need a bond to act as the Financially Resposibile
Officer of a construction business? - ANSWER-All
financially responsibility officers must have a bond in the
amount of $100,000.
, One of the most common reasons that a license is
suspended is: - ANSWER-A lapse of the contractors bond
If an employee works 50 hours in one week. If the hourly
wage rate is $12, what are the gross wages? - ANSWER-$660
(40 x 12 =$480, 10 x 12 x 1.5 = $180)
What happens if the Construction Industry Licensing Board
votes to deny my application? - ANSWER-The notice
includes details on how to file an appeal
A health and safety order must be: - ANSWER-Posted in a
conspicuous place a the job site
FICA is paid by whom? - ANSWER-50% employer, 50%
employee
A completion date is enforceable only when it is written: -
ANSWER-And reasonable to contractural parties
When a contract includes a "complete agreement" clause: -
ANSWER-The contractor and owner are bonded by the exact
works of the document
, This type of construction contract is intended usually has
the greatest amount of competition: - ANSWER-Open
The rate for the Social Security tax (excluding the Medicare
tax) that is withheld from employees' salaries and wages up
to a specified annual amount is: - ANSWER-6.2%
If an employee is injured due to a contractor who overlooked
a hazardous situation who is responsible? - ANSWER-The
employer is responsible
Wha this usually described in contract specifications? -
ANSWER-Test and code requirements
A contractor must include, in a contract, a schedule of: -
ANSWER-
Approximate starting and completion dates
When marking an excavation area, the color normally used
is: - ANSWER-White
The MAIN purpose of bid bonds as security for submitted
proposals is that they: - ANSWER-Will hold subcontractors
accountable for their sub-bids
