VA Contractor (General) Exam Questions With All Correct Detailed Answers A+ Pass

VA Contractor (General) Exam Questions With All Correct Detailed Answers A+ Pass What is the term used for the method of allocating the cost of an asset over its useful life? Depreciation Long-term liability Cash flow Budget - Answer - Depreciation Under Virginia law, employers who regularly employ three or more full-time or part-time employees must purchase and maintain ___ insurance. General Liability Workers' Compensation Insurance All-Risk Builders' Risk Insurance Commercial Auto Insurance - Answer - Workers' Compensation Insurance The rules and regulations of the Americans with Disabilities Act (ADA) apply to all employers with a minimum of how many employees? 15 1 20 10 - Answer - 15 Before hiring employees, you must have a(n) ___ issued by the IRS. W-9 940-EZ Form EIN - Employer Identification Number 15-T Employee Form - Answer - EIN - Employer Identification Number A contractor has delivered the Lead Pre-Notification pamphlet to each family in an old apartment building prior to performing renovations. Confirmation of the receipt of delivery must be be kept for ___? 30 years 5 years 3 years Not required to keep confirmation - Answer - 3 years What is the number of hours in a defined Fair Labor Standards Act (FLSA) workweek? 5 days 168 hours 40 hours 7 days - Answer - 168 hours OSHA records must be kept by the employer for ____ following the year to which they pertain. One year Three years Seven years Five years - Answer - Five years What is the coverage of a surety bond? Guarantees that the successful bidder will enter into the project Protects the owner from liens from suppliers and subcontractors Protects the contractor from nonpayment by the owner Binds the contractor to comply with the terms and conditions of a contract - Answer - Binds the contractor to comply with the terms and conditions of a contract What may be deducted from a paycheck under the provisions of the Virginia Payment of Wage Law? Shortages from the petty cash box Virginia Unemployment Tax Garnishments Payment for damages cause by the employee - Answer - Garnishments Which part of the construction documents outline specific details, materials, dimensions and installation requirements for specific items? Detailed shop drawings Material specifications Building code commentary Bid documents - Answer - Detailed shop drawings Which two types of bonds are required on all federal projects? Performance and permit bonds Liquidated damages and difference in price bonds Payment and lien bonds Payment and performance bonds - Answer - Payment and performance bonds In addition to OSHA, employers in VA must comply with ___ standards. EPA standards Virginia Occupational Safety and Health Act NIOSH There are no additional requirements - Answer - Virginia Occupational Safety and Health Act The OSHA standards that apply to the construction industry are ____ and should be part of a safety training program. Combined under OSHA General Standards 29 CFR 1926, 29 CFR 1910, 29 CFR 1904 Optional 29 CFR 1915, 29 CFR 1917, 29 CFR 1926 - Answer - 29 CFR 1926, 29 CFR 1910, 29 CFR 1904 After an illness or injury occurs, a recordable injury or illness must be entered into the OSHA njury and Illness Incident Report within ___. 8 hours 24 hours 48 hours 7 working days - Answer - 7 working days An employer has finished the interview and has not yet decided to offer the applicant a position. At this point, the employer may ask the potential employee ___. If the applicant is married If the potential employee has a disability If the applicant is able to perform the function of the job under consideration If the applicant is pregnant - Answer - If the applicant is able to perform the function of the job under consideration A roofing contractor wants to hire some summer help. The summer help should be at least ___. 17 years old 18 years old 21 years old 16 years old - Answer - 18 years old Though there is no priority among liens, ____ have priority over materialmen. Suppliers Persons performing manual labor Sub-contractors Banks - Answer - Persons performing manual labor