TN BUSINESS AND LAW EXAM QUIZZES
2026 | COMPLETE CONTRACTOR STUDY
GUIDE & PRACTICE QUESTIONS
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales Included
,(blank) is defined as including real estate, lands, tenements, and hereditaments
real property
This is not a purpose of marketing:
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
$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...
non experience
Use information from (blank) to help determine accurate job costs
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?
$3,248
(112,000 x (1.45 x 2) = 3,248)
Who pays into FUTA?
employer
, An entrepreneur is a
person
(blank) absolves the indemnified party from any payment for losses and damages incurred
by a third party
indemnification
Which Form is used for Tennessee's Foreign Limited Partnership Registration?
SS-4473
Is insurance a guideline for a job description?
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
$1,500
An independent contractor is usually paid by
flat fee
2026 | COMPLETE CONTRACTOR STUDY
GUIDE & PRACTICE QUESTIONS
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales Included
,(blank) is defined as including real estate, lands, tenements, and hereditaments
real property
This is not a purpose of marketing:
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
$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...
non experience
Use information from (blank) to help determine accurate job costs
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?
$3,248
(112,000 x (1.45 x 2) = 3,248)
Who pays into FUTA?
employer
, An entrepreneur is a
person
(blank) absolves the indemnified party from any payment for losses and damages incurred
by a third party
indemnification
Which Form is used for Tennessee's Foreign Limited Partnership Registration?
SS-4473
Is insurance a guideline for a job description?
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
$1,500
An independent contractor is usually paid by
flat fee
