Nevada Contractors License Law Portion UPDATED ACTUAL Questions and
CORRECT Answers
minimum of (pg 33)
You have days to replace a qualified employee?
(pg.135)
Which of the following is included in company overhead?
A quorum shall consist of members of the Nevada
State Contractors Board. (NRS 624-090)
A death must be reported to OSHA within (pg 63)
What summarizes profit making activities over a specific
period of time? (pg 90)
What general building contractor does not need to tell a
customer with they have a contractor (NRS 624.600)
The disadvantage of cash basis accounting versus accrual
basis accounting is? (pg85)
The term "work week" in the FLSA is defined as? (pg47)
Youths age may perform any nonhazardous job, for
limited hours. (pg.47)
Violators of child labor law provisions are subject to civil
penalty of up to each employee subject to violation?
(pg. 49)
The simplest form of business organization is (pg 4)
Which of the following equations will give you your current
ratio? (pg 92)
After your employee makes in one year, you stop
deducting FUTA. (pg 39)
IRS Publication 15 is also known as (pg 38)
Records for federal employment taxed must be kept for a
, 30 years
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g4
8 hours
Profit and Loss schedule
Names of individual laborers on the project
The cash basis will show what had been collected and
paidout, but not what has been earned
168 hours
16 and 17
11,000.00
Sole prop.
Current assets / current liabilities
7,000.00
Circular
E4
2/8
CORRECT Answers
minimum of (pg 33)
You have days to replace a qualified employee?
(pg.135)
Which of the following is included in company overhead?
A quorum shall consist of members of the Nevada
State Contractors Board. (NRS 624-090)
A death must be reported to OSHA within (pg 63)
What summarizes profit making activities over a specific
period of time? (pg 90)
What general building contractor does not need to tell a
customer with they have a contractor (NRS 624.600)
The disadvantage of cash basis accounting versus accrual
basis accounting is? (pg85)
The term "work week" in the FLSA is defined as? (pg47)
Youths age may perform any nonhazardous job, for
limited hours. (pg.47)
Violators of child labor law provisions are subject to civil
penalty of up to each employee subject to violation?
(pg. 49)
The simplest form of business organization is (pg 4)
Which of the following equations will give you your current
ratio? (pg 92)
After your employee makes in one year, you stop
deducting FUTA. (pg 39)
IRS Publication 15 is also known as (pg 38)
Records for federal employment taxed must be kept for a
, 30 years
Advertisin
g4
8 hours
Profit and Loss schedule
Names of individual laborers on the project
The cash basis will show what had been collected and
paidout, but not what has been earned
168 hours
16 and 17
11,000.00
Sole prop.
Current assets / current liabilities
7,000.00
Circular
E4
2/8
