Utah Contractor Business and Law Exam Questions and Answers |
Latest 2026 Update
Q: subcontractors before utah law will require them to pay interest on the amount
due?
Answer:
30 days a contract includes a liquidated damages clause that awards the project
owner $1,000 per day for each day the job exceeds 90 days. it also awards the
contractor a bonus of $1,000 per day for each day the job is completed before 90
days. the job is delayed 7 days by weather and is completed on day 94. no extension
of the time was requested or granted. which of the following is true? the contractor
owes $4,000 in liquidated damages how much time does an employer have to
complete a form I-9 when a new employee is hired? section 1 on the first day of
employment; entire form within 3 days. Title VII of the Cicil Rights Act of 1963
applies to employers with what number of employees? 15 or more How long does the
Fair Labor Standards Act require employers to keep copies of employee wage
statements? 3 years The penalty if an employer does not carry workers compensation
insurance is: $1,000 or 3 times the premium amount A laborer employee earns $10
per hour. During a 2-week period, the employee works 35 hours in week 1 and 45
hours in week 2. what will their gross pay be for the 2 weeks? $825
, Q: The main purpose of the Fair Labor Standards Act is: To establish minimum
wage and overtime standards. A Utah employer must report new hires and
rehires to the Department of Workforce Services within how many days of hire
or rehire?
Answer:
20 Federal form 941 taxes may be deposited monthly if for the previous 4 quarters a
company's total tax liability for 941 taxes was: $50,000 or less utah business must
pay sales tax on a monthly basis via electronic funds transfer if their liability is over:
96,000 a C Corporation has gross revenue of $120,000 and deductible expenses of
$70,000. The corporate tax rate is a flat 21%. What is the corporations after-tax
profit? $39,500 The withholding rate for social security is: 6.2% Not making federal
payroll tax deposits in a timely manner can result in penalties of: 2% to 100% of the
amount due The due date for a federal tax return falls on Sunday, April 30. The
return must be filed by: Monday, May 1 When must employers with more than 10
employees post OSHA form 300A? February 1 - April 30 If there is a fatality or
serious injury to a worker, when must the employer notify OSHA? Within 8 hours
Latest 2026 Update
Q: subcontractors before utah law will require them to pay interest on the amount
due?
Answer:
30 days a contract includes a liquidated damages clause that awards the project
owner $1,000 per day for each day the job exceeds 90 days. it also awards the
contractor a bonus of $1,000 per day for each day the job is completed before 90
days. the job is delayed 7 days by weather and is completed on day 94. no extension
of the time was requested or granted. which of the following is true? the contractor
owes $4,000 in liquidated damages how much time does an employer have to
complete a form I-9 when a new employee is hired? section 1 on the first day of
employment; entire form within 3 days. Title VII of the Cicil Rights Act of 1963
applies to employers with what number of employees? 15 or more How long does the
Fair Labor Standards Act require employers to keep copies of employee wage
statements? 3 years The penalty if an employer does not carry workers compensation
insurance is: $1,000 or 3 times the premium amount A laborer employee earns $10
per hour. During a 2-week period, the employee works 35 hours in week 1 and 45
hours in week 2. what will their gross pay be for the 2 weeks? $825
, Q: The main purpose of the Fair Labor Standards Act is: To establish minimum
wage and overtime standards. A Utah employer must report new hires and
rehires to the Department of Workforce Services within how many days of hire
or rehire?
Answer:
20 Federal form 941 taxes may be deposited monthly if for the previous 4 quarters a
company's total tax liability for 941 taxes was: $50,000 or less utah business must
pay sales tax on a monthly basis via electronic funds transfer if their liability is over:
96,000 a C Corporation has gross revenue of $120,000 and deductible expenses of
$70,000. The corporate tax rate is a flat 21%. What is the corporations after-tax
profit? $39,500 The withholding rate for social security is: 6.2% Not making federal
payroll tax deposits in a timely manner can result in penalties of: 2% to 100% of the
amount due The due date for a federal tax return falls on Sunday, April 30. The
return must be filed by: Monday, May 1 When must employers with more than 10
employees post OSHA form 300A? February 1 - April 30 If there is a fatality or
serious injury to a worker, when must the employer notify OSHA? Within 8 hours
