TN Business And Law Exam Quizzes|
Questions And All Correct Solutions|
Updated 2026
What shows the activity of duration and sequence of tasks to be completed?
- Ans--bar chart
Which financial statement would one find depreciation on? - Ans--income
statement
Medical treatment can be defined as: - Ans--management and care of a
patient
Establishing (blank) will ensure that your customer is aware of your
progress and of any concerns that might arise - Ans--communication
(blank) is defined as including real estate, lands, tenements, and
hereditaments - Ans--real property
This is not a purpose of marketing: - Ans--opening a checking account
What is the gross pay of a non exempt employee who works 50 hours during
a holiday week, and receives 8 hours additional pay for the holiday? The
employee earns $13.50 per hour - Ans--$850.50
(13.5 x 48 = 648
20.25 x 10 = 202.50
648 = 202.50 = 850.50)
This is not used as a guideline when obtaining a bond... - Ans--non
experience
Use information from (blank) to help determine accurate job costs - Ans--
previous jobs
, If an employee earns $112,000 per year, what is the TOTAL amount of
medicare that both employer and employee is to pay in? - Ans--$3,248
(112,000 x (1.45 x 2) = 3,248)
Who pays into FUTA? - Ans--employer
An entrepreneur is a - Ans--person
(blank) absolves the indemnified party from any payment for losses and
damages incurred by a third party - Ans--indemnification
Which Form is used for Tennessee's Foreign Limited Partnership
Registration? - Ans--SS-4473
Is insurance a guideline for a job description? - Ans--no
An employer is liable to pay both state and federal employment taxes if
wages to employees total (blank) or more in any quarter of a calendar year -
Ans--$1,500
An independent contractor is usually paid by - Ans--flat fee
What is the net income when there is an income of $92,000, expenses of
$24,000, and costs of goods sold is $34,000? - Ans--$34,000
If D&K Construction's shareholders wish to limit their liabilities, they should
become a - Ans--C Corporation
When starting a business, the first thing one should decide is - Ans--the
legal structure of the business
FUTA tax base and tax rate is generally calculated at? - Ans--current
prevailing rate
Which of the following insurance will protect an organization's officers from
liability? - Ans--D and O
Worker's compensation is paid for by the - Ans--employer
Questions And All Correct Solutions|
Updated 2026
What shows the activity of duration and sequence of tasks to be completed?
- Ans--bar chart
Which financial statement would one find depreciation on? - Ans--income
statement
Medical treatment can be defined as: - Ans--management and care of a
patient
Establishing (blank) will ensure that your customer is aware of your
progress and of any concerns that might arise - Ans--communication
(blank) is defined as including real estate, lands, tenements, and
hereditaments - Ans--real property
This is not a purpose of marketing: - Ans--opening a checking account
What is the gross pay of a non exempt employee who works 50 hours during
a holiday week, and receives 8 hours additional pay for the holiday? The
employee earns $13.50 per hour - Ans--$850.50
(13.5 x 48 = 648
20.25 x 10 = 202.50
648 = 202.50 = 850.50)
This is not used as a guideline when obtaining a bond... - Ans--non
experience
Use information from (blank) to help determine accurate job costs - Ans--
previous jobs
, If an employee earns $112,000 per year, what is the TOTAL amount of
medicare that both employer and employee is to pay in? - Ans--$3,248
(112,000 x (1.45 x 2) = 3,248)
Who pays into FUTA? - Ans--employer
An entrepreneur is a - Ans--person
(blank) absolves the indemnified party from any payment for losses and
damages incurred by a third party - Ans--indemnification
Which Form is used for Tennessee's Foreign Limited Partnership
Registration? - Ans--SS-4473
Is insurance a guideline for a job description? - Ans--no
An employer is liable to pay both state and federal employment taxes if
wages to employees total (blank) or more in any quarter of a calendar year -
Ans--$1,500
An independent contractor is usually paid by - Ans--flat fee
What is the net income when there is an income of $92,000, expenses of
$24,000, and costs of goods sold is $34,000? - Ans--$34,000
If D&K Construction's shareholders wish to limit their liabilities, they should
become a - Ans--C Corporation
When starting a business, the first thing one should decide is - Ans--the
legal structure of the business
FUTA tax base and tax rate is generally calculated at? - Ans--current
prevailing rate
Which of the following insurance will protect an organization's officers from
liability? - Ans--D and O
Worker's compensation is paid for by the - Ans--employer
