Nevada Contractors License – Law Portion
(2025-2026) Questions And Answers Graded A+
What general building contractor does not need to tell a customer with they have a
contractor (NRS 624.600)
Names of individual laborers on the project
The disadvantage of cash basis accounting versus accrual basis accounting is?
(pg85)
The cash basis will show what had been collected and paid out, but not what has
been earned
The term "work week" in the FLSA is defined as? (pg47)
168 hours
Youths age ___ may perform any nonhazardous job, for limited hours. (pg.47)
16 and 17
,Violators of child labor law provisions are subject to civil penalty of up to ___
each employee subject to violation? (pg. 49)
11,000.00
The simplest form of business organization is (pg 4)
Sole prop.
Which of the following equations will give you your current ratio? (pg 92)
Current assets / current liabilities
After your employee makes ___ in one year, you stop deducting FUTA. (pg 39)
7,000.00
, IRS Publication 15 is also known as ____ (pg 38)
Circular E
Records for federal employment taxed must be kept for a minimum of ___ (pg 33)
4 years
Regardless of the type of organization the construction company has established or
a licensees' role in the ownership of the business, it is the ___ why is usually held
responsible for all contracting - related duties (pg 11)
Licensee (qualifier)
Contracts need to be kept for a minimum of ___ years. (NRS 624.3013)
3
(2025-2026) Questions And Answers Graded A+
What general building contractor does not need to tell a customer with they have a
contractor (NRS 624.600)
Names of individual laborers on the project
The disadvantage of cash basis accounting versus accrual basis accounting is?
(pg85)
The cash basis will show what had been collected and paid out, but not what has
been earned
The term "work week" in the FLSA is defined as? (pg47)
168 hours
Youths age ___ may perform any nonhazardous job, for limited hours. (pg.47)
16 and 17
,Violators of child labor law provisions are subject to civil penalty of up to ___
each employee subject to violation? (pg. 49)
11,000.00
The simplest form of business organization is (pg 4)
Sole prop.
Which of the following equations will give you your current ratio? (pg 92)
Current assets / current liabilities
After your employee makes ___ in one year, you stop deducting FUTA. (pg 39)
7,000.00
, IRS Publication 15 is also known as ____ (pg 38)
Circular E
Records for federal employment taxed must be kept for a minimum of ___ (pg 33)
4 years
Regardless of the type of organization the construction company has established or
a licensees' role in the ownership of the business, it is the ___ why is usually held
responsible for all contracting - related duties (pg 11)
Licensee (qualifier)
Contracts need to be kept for a minimum of ___ years. (NRS 624.3013)
3
