AZ Statutes and Rules Learning Mode
What kind of commercial enterprise is this? A employer can pay taxes on its earnings and its
owners pay additional income taxes on dividends they obtain. A- sole proprietorship
B- cooperation C- organization
D- joint project - ANS-enterprise
e book 1
pg 2-three
a business enterprise paid its federal unemployment tax, FUTA at the twenty first of the month
following the quarters give up, what percent is used to calculate the penalty?
A- 1%
B- 5%
C- 7%
D-no penalty due to the 30 day grace period - ANS-no penalty because of the 30 day grace
duration
e book
pg 15-five
The liabilities of a business enterprise are as follows, with property totaling $20,000 and
owner's fairness totaling $12,000 on the stability sheet: A- $eight,000
B- $12,000
C- $24,000
D-$32,000 - ANS-$eight,000
book
pg 14-3
This organisation's modern property are $sixty eight,000, whilst its lengthy-time period property
are $62,000. Its modern liabilities are $54,000, while its long-time period liabilities are $seventy
two,000. A- is insolvent
B- may be going through coins float trouble
C- is set to resist a gradual period
D-is able to take on a big project with excessive initial prices; ANS-is ready to endure a
sluggish length. Book 1
pg 14-6
a complaint has been filed towards an Arizona contractor. After investigation, the registrar
troubles a citation and that is served on the contractor. Failure of the licensee to answer within
__________ after service shall be deemed an admission through the licensee of the acts
charged inside the grievance and the registrar can also then droop or revoke the licensee's
license.
A-5 days
B- 10 days
C- 15 days
D-20 days - ANS-10 days
e book
, pg 32-1155(B)
An Arizona contractor has been the subject of a grievance. Following an research, the registrar
troubles a quotation, which is served at the contractor. How long does the contractor must
respond to the complaint in writing? A- 10 days
B- 14 days
C-15 days
D-30 days - ANS-10 days
book
pg 32-1155(A)
a construction agencies stability sheet shows the subsequent information.
Coins $24,000
bills receivable $fifty six,000
gadget $18,000
cars $30,000
debts payable $forty four,000
notes payable $sixteen,000
gathered wages $9,000
what is the net worth of the business enterprise?
A- $59,000
B- $80,000
C-$128,000
D-$197,000 - ANS-$59,000
book
pg 14-4 to fourteen-5
a creation settlement or an architect-engineer porfessional provider settlement that purport to
imdemnify, to maintain harmless from liability for loss or harm is _________.
A- legitimate
B- void
C- an excellent concept
D- mendatory - ANS-void
32-1159(A)
a contracting corporation is evaluating it's capability to finish a task in a timely and green way.
Before bidding at the project the company should don't forget all of the following elements
EXCEPT:
A- the perfect accounting foundation and methods
B- conflicts with current task schedules
C- Cash glide necessities and bonding D- personnel and system requirements - ANS-the
proper accounting basis and techniques
e book 1
pg 7-1
a contractor bids a activity for $10,000 in june. He's presented the agreement and is paid
$eight,000 to cover costs also in june. The contractor will pay bills of $5,000 and $1,000 in june.
He become paid in may also $3,000 for another task and $1,000 of that changed into for prices.
What is the contractors internet profits for june?
, A- $2,000
B-$four,000
C- $five,000
D-$6,000 - ANS-$2,000
e-book
pg 14-5
a contractor bids a process for $15,000 in june. He's provided the contract and is paid
$eight,000 to cover expenses additionally in june. The contractor pays payments of $five,000
and $1,000 in june. He was paid in may additionally $three,000 for every other job and $1,000
of that become for charges. The use of the accrual technique, what is the contractors internet
earnings for june?
A-$18,000
B- $2,000
C- $9,000
D-$8,000 - ANS-$9,000
book
pg 14-7
a contractor does now not record a initial 20 day be aware and offers fabric to the job web
page. How long does the contractor need to report a be aware?
A- 7days
B- 10 days
C- 20 days
D-15 days - ANS-20 days
ebook
pg 16-2
a contractor has a settlement with an proprietor, and a Notice completion (form ML-nine)
become no longer filed. How long does this contractor ought to report a lien?
A-ninety days from the finishing touch of the contractor's work
B-ninety days from the crowning glory of the shape
C- 120 days after the contractor's paintings is completed D-a hundred and twenty days from the
complation of the shape - ANS-a hundred and twenty days from the final touch of the shape
e-book
pg 16-2
a contractor has a widespread liability coverage with $500 deductible. The contractor purposely
disregards constructing code and workmanship requirements, resulting in $a thousand in
damages to the proprietor. Who is responsible?
A- the contractor for all of it
B- the owner for all of it
C- the contractor for $500, and the coverage employer for $500
D- the coverage enterprise for all of it - ANS-the contractor for $500, and the insurance
business enterprise for $500
book 1
pg 4-four
, a contractor has a legal responsibility coverage policy with $1,000 deductible. There's a activity
associated coincidence resulting in $3,000 damage to system $3,000 harm to process website
online systems $three,000 harm to production materials, $five,000 in injuries to employed
employees and $1,000 in injuries to non-hired character from insurance?
A- nothing
B- $1,000
C- $5,000
D- $11,000 - ANS-$1,000
e-book 1
pg 4-four
If an twist of fate on the activity causes $3,000 in damage to device, $3,000 in damage to
systems at the task web site, $3,000 in damage to construction substances, $five,000 in injuries
to employed employees, and $1,000 in injuries to non-employed personnel, how an awful lot of
the liability insurance policy is because of the employed person? Nothing in any respect B-
$1,000
C- $five,000
D- $11,000 - ANS-not anything
ebook 1
pg four-four
a contractor has a liability coverage coverage with $one thousand deductible. There is a task
associated coincidence ensuing in $3,000 harm to device, $3,000 damage to job web page
systems $3,000 harm to creation substances, $5,000 in injuries to hired employees, and $1,000
in injuries to non-employed people. How a good deal is due the contractor from coverage?
A-nothing
B- $1,000
C- $five,000
D- $eleven,000 - ANS-nothing
e book 1
pg 4-4
a contractor has a mission that calls for 96 man hours to complete. It have to be done in
simplest three days. If eight hour days are labored, what will be the minimal team length
required?
A- 2 people
B- 3 workers
C- four employees
D-5 employees - ANS-four workers
math
What penalties can the registrar impose on the contractor if the subcontractor employed by
means of the contractor isn't legal to carry out the work? A- a civil penalty of greater than $500
B-a civil penalty of much less than $500
C- a civil penalty of more than $1,000
D-a civil penalty of less than $1,000 - ANS-a civil penalty of less than $500.
Book
pg 32-1154 (A) (thirteen) (E)
What kind of commercial enterprise is this? A employer can pay taxes on its earnings and its
owners pay additional income taxes on dividends they obtain. A- sole proprietorship
B- cooperation C- organization
D- joint project - ANS-enterprise
e book 1
pg 2-three
a business enterprise paid its federal unemployment tax, FUTA at the twenty first of the month
following the quarters give up, what percent is used to calculate the penalty?
A- 1%
B- 5%
C- 7%
D-no penalty due to the 30 day grace period - ANS-no penalty because of the 30 day grace
duration
e book
pg 15-five
The liabilities of a business enterprise are as follows, with property totaling $20,000 and
owner's fairness totaling $12,000 on the stability sheet: A- $eight,000
B- $12,000
C- $24,000
D-$32,000 - ANS-$eight,000
book
pg 14-3
This organisation's modern property are $sixty eight,000, whilst its lengthy-time period property
are $62,000. Its modern liabilities are $54,000, while its long-time period liabilities are $seventy
two,000. A- is insolvent
B- may be going through coins float trouble
C- is set to resist a gradual period
D-is able to take on a big project with excessive initial prices; ANS-is ready to endure a
sluggish length. Book 1
pg 14-6
a complaint has been filed towards an Arizona contractor. After investigation, the registrar
troubles a citation and that is served on the contractor. Failure of the licensee to answer within
__________ after service shall be deemed an admission through the licensee of the acts
charged inside the grievance and the registrar can also then droop or revoke the licensee's
license.
A-5 days
B- 10 days
C- 15 days
D-20 days - ANS-10 days
e book
, pg 32-1155(B)
An Arizona contractor has been the subject of a grievance. Following an research, the registrar
troubles a quotation, which is served at the contractor. How long does the contractor must
respond to the complaint in writing? A- 10 days
B- 14 days
C-15 days
D-30 days - ANS-10 days
book
pg 32-1155(A)
a construction agencies stability sheet shows the subsequent information.
Coins $24,000
bills receivable $fifty six,000
gadget $18,000
cars $30,000
debts payable $forty four,000
notes payable $sixteen,000
gathered wages $9,000
what is the net worth of the business enterprise?
A- $59,000
B- $80,000
C-$128,000
D-$197,000 - ANS-$59,000
book
pg 14-4 to fourteen-5
a creation settlement or an architect-engineer porfessional provider settlement that purport to
imdemnify, to maintain harmless from liability for loss or harm is _________.
A- legitimate
B- void
C- an excellent concept
D- mendatory - ANS-void
32-1159(A)
a contracting corporation is evaluating it's capability to finish a task in a timely and green way.
Before bidding at the project the company should don't forget all of the following elements
EXCEPT:
A- the perfect accounting foundation and methods
B- conflicts with current task schedules
C- Cash glide necessities and bonding D- personnel and system requirements - ANS-the
proper accounting basis and techniques
e book 1
pg 7-1
a contractor bids a activity for $10,000 in june. He's presented the agreement and is paid
$eight,000 to cover costs also in june. The contractor will pay bills of $5,000 and $1,000 in june.
He become paid in may also $3,000 for another task and $1,000 of that changed into for prices.
What is the contractors internet profits for june?
, A- $2,000
B-$four,000
C- $five,000
D-$6,000 - ANS-$2,000
e-book
pg 14-5
a contractor bids a process for $15,000 in june. He's provided the contract and is paid
$eight,000 to cover expenses additionally in june. The contractor pays payments of $five,000
and $1,000 in june. He was paid in may additionally $three,000 for every other job and $1,000
of that become for charges. The use of the accrual technique, what is the contractors internet
earnings for june?
A-$18,000
B- $2,000
C- $9,000
D-$8,000 - ANS-$9,000
book
pg 14-7
a contractor does now not record a initial 20 day be aware and offers fabric to the job web
page. How long does the contractor need to report a be aware?
A- 7days
B- 10 days
C- 20 days
D-15 days - ANS-20 days
ebook
pg 16-2
a contractor has a settlement with an proprietor, and a Notice completion (form ML-nine)
become no longer filed. How long does this contractor ought to report a lien?
A-ninety days from the finishing touch of the contractor's work
B-ninety days from the crowning glory of the shape
C- 120 days after the contractor's paintings is completed D-a hundred and twenty days from the
complation of the shape - ANS-a hundred and twenty days from the final touch of the shape
e-book
pg 16-2
a contractor has a widespread liability coverage with $500 deductible. The contractor purposely
disregards constructing code and workmanship requirements, resulting in $a thousand in
damages to the proprietor. Who is responsible?
A- the contractor for all of it
B- the owner for all of it
C- the contractor for $500, and the coverage employer for $500
D- the coverage enterprise for all of it - ANS-the contractor for $500, and the insurance
business enterprise for $500
book 1
pg 4-four
, a contractor has a legal responsibility coverage policy with $1,000 deductible. There's a activity
associated coincidence resulting in $3,000 damage to system $3,000 harm to process website
online systems $three,000 harm to production materials, $five,000 in injuries to employed
employees and $1,000 in injuries to non-hired character from insurance?
A- nothing
B- $1,000
C- $5,000
D- $11,000 - ANS-$1,000
e-book 1
pg 4-four
If an twist of fate on the activity causes $3,000 in damage to device, $3,000 in damage to
systems at the task web site, $3,000 in damage to construction substances, $five,000 in injuries
to employed employees, and $1,000 in injuries to non-employed personnel, how an awful lot of
the liability insurance policy is because of the employed person? Nothing in any respect B-
$1,000
C- $five,000
D- $11,000 - ANS-not anything
ebook 1
pg four-four
a contractor has a liability coverage coverage with $one thousand deductible. There is a task
associated coincidence ensuing in $3,000 harm to device, $3,000 damage to job web page
systems $3,000 harm to creation substances, $5,000 in injuries to hired employees, and $1,000
in injuries to non-employed people. How a good deal is due the contractor from coverage?
A-nothing
B- $1,000
C- $five,000
D- $eleven,000 - ANS-nothing
e book 1
pg 4-4
a contractor has a mission that calls for 96 man hours to complete. It have to be done in
simplest three days. If eight hour days are labored, what will be the minimal team length
required?
A- 2 people
B- 3 workers
C- four employees
D-5 employees - ANS-four workers
math
What penalties can the registrar impose on the contractor if the subcontractor employed by
means of the contractor isn't legal to carry out the work? A- a civil penalty of greater than $500
B-a civil penalty of much less than $500
C- a civil penalty of more than $1,000
D-a civil penalty of less than $1,000 - ANS-a civil penalty of less than $500.
Book
pg 32-1154 (A) (thirteen) (E)
