NC Landscape Contractor's License Test
Exam (2026-2027 Newest Update) with
Carefully Selected Questions and Accurate
Answers / Get it 100% Correct Answers /
Already Graded A+
unemployment insurance
Provides unemployment benefits to eligible workers who become
unemployed through no fault of their own. Paid for by fed/state
employer payroll taxes.
employers must pay unemployment taxes if....
They pay wages to employees totaling $1,500 or more in any
quarter or if they had at least one employee during any day of a
week during 20 weeks in a calendar year
SUTA Dumping
transfer of employees between businesses for the purpose of
obtaining a lower unemployment compensation tax rate; prohibited
and subject to criminal/civil penalties
Social Security Insurance (SSA)
federal agency responsible for paying retirement, disability and
survivors benefits to workers and their families.
Surety Bond
a risk transfer mechanism between a surety bonding company, the
contractor, and the project owner. the agreement binds the
contractor to comply with the terms and conditions of a contract.
Statutory Bond
a surety bond that is required by law for public projects
Common Law Bond
, a bond that an owner of a private construction project may opt. to
require a bond as an added guarantee that a project will be
completed on-time, on budget, and within specified requirements
4 basic bond requirements
total dollar amount required for bond (% of estimated cost - up to
100 for construction and 10 for maintenance)
length of bond (fixed rate of time after a project milestone)
requirement for notice of defect or lack of maintenance (a period
for completion of corrections is generally outlined after a notice of
defect)
bond enforcement (ensure project completion and proper
maintenance)
Bid Bond
guarantees that the contractor, if awarded the job, will do work at
the submitted bid price, enter into a contract with the owner, and
furnish the required performance and payment bonds.
Performance Bond
guarantees that the contractor will complete a contract within its
time frame and conditions
Payment Bond
guarantees subs and suppliers that they will be paid for work if
they perform properly under the contract.
Maintenance Bond
guarantees that for a state period, typically for one year, no
defective workmanship or material will appear in the completed
project.
Completion Bond
provides assurance to the financial backers of a construction
project that it will be completed on time
Fidelity Bond
covers business owner for losses due to dishonest acts by their
employees.
Lien Bond
Exam (2026-2027 Newest Update) with
Carefully Selected Questions and Accurate
Answers / Get it 100% Correct Answers /
Already Graded A+
unemployment insurance
Provides unemployment benefits to eligible workers who become
unemployed through no fault of their own. Paid for by fed/state
employer payroll taxes.
employers must pay unemployment taxes if....
They pay wages to employees totaling $1,500 or more in any
quarter or if they had at least one employee during any day of a
week during 20 weeks in a calendar year
SUTA Dumping
transfer of employees between businesses for the purpose of
obtaining a lower unemployment compensation tax rate; prohibited
and subject to criminal/civil penalties
Social Security Insurance (SSA)
federal agency responsible for paying retirement, disability and
survivors benefits to workers and their families.
Surety Bond
a risk transfer mechanism between a surety bonding company, the
contractor, and the project owner. the agreement binds the
contractor to comply with the terms and conditions of a contract.
Statutory Bond
a surety bond that is required by law for public projects
Common Law Bond
, a bond that an owner of a private construction project may opt. to
require a bond as an added guarantee that a project will be
completed on-time, on budget, and within specified requirements
4 basic bond requirements
total dollar amount required for bond (% of estimated cost - up to
100 for construction and 10 for maintenance)
length of bond (fixed rate of time after a project milestone)
requirement for notice of defect or lack of maintenance (a period
for completion of corrections is generally outlined after a notice of
defect)
bond enforcement (ensure project completion and proper
maintenance)
Bid Bond
guarantees that the contractor, if awarded the job, will do work at
the submitted bid price, enter into a contract with the owner, and
furnish the required performance and payment bonds.
Performance Bond
guarantees that the contractor will complete a contract within its
time frame and conditions
Payment Bond
guarantees subs and suppliers that they will be paid for work if
they perform properly under the contract.
Maintenance Bond
guarantees that for a state period, typically for one year, no
defective workmanship or material will appear in the completed
project.
Completion Bond
provides assurance to the financial backers of a construction
project that it will be completed on time
Fidelity Bond
covers business owner for losses due to dishonest acts by their
employees.
Lien Bond
