contractors license in Arizona Questions with Detailed Verified Answers

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contractors license in Arizona
Questions with Detailed Verified
Answers

Question:how many employees are you required to have in order to have
works comp?

Ans: more than 1 employee

Question: if you fail to identify and mark underground utilities, how much do
you have to pay for violation

Ans: you can be fined up to 5000 dollars for the first violation, and up to 70000
dollars

Question: sets limits on how much of a air pollutant is allowed in the air.

Ans: the clean air act

Question: when does the fair labor act apply

Ans: it applies to employers that have 1 or more employee

Question: what is form I-9

Ans: this form is used by immigration ,to make sure employees has legal
immigration status in the usa

Question: what is project over head

Ans: items needed to complete the project ex; bonds,temporary
storage,dumpsters,security guards , porter potties,etc. makes up 5-10% of bid

Question: what is the clean water act

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Ans: establishes the basic structure for regulating disharges of pollutants into
the waters of united states

Question: what are current liabilities

Ans: liabilities that will mature and must be paid within 1 year

Question: immigration forms must be kept for how long

Ans: at least 3 years

Question: what is a maintance bond

Ans: guarantees that for one year no defective workmanship or material will
appear on completed project

Question: liability insurance is what

Ans: to protect 3rd party claims

Question: keyman life insurance

Ans: its to continue business if one dies or becomes incapacitated

Question: how much money is deducted from employee to pay for works
comp

Ans: nothing. employer pays for everything

Question: how soon must form I-9 be completed by

Ans: it should be completed within 3 days of hire

Question: how long should you keep lead pamphlet receipt for

Ans: must be kept for 3 years

Question: bonds or cash deposits should be under whos name