FLORIDA CONTRACTORS MANUAL
EXAM QUESTIONS EXAMINATION
COMPLETE PRACTICE QUESTIONS
AND ANSWERS | VERIFIED
SOLUTIONS | UPDATED 2026/2027
STUDY GUIDE
A properly registered fictitious name is valid for
________________
A. 1 year
B. 2 years
C. 3 years
D. 5 years - CORRECT ANSWER -D. 5 years
1-15
,Which of the following would have jurisdiction over
dredging or excavation of navigable waters and
wetlands?
A. U.S. Dept. of the Interior
B. Florida Dept. of State
C. Florida Dept.of Transportation
D. U.S Army Corps of Engineers - CORRECT ANSWER -D.
U.S Army Corps of Engineers
1-16
The name of the form which is used to apply for sales
tax is?
A. W2
B. DR-1
C. S1
D. W4 - CORRECT ANSWER -B. DR-1
1-21
,Which of the following is NOT true about a fictitious
name registration?
A. Valid for 5 years.
B. The fictitious name must be advertised at least one
time.
C. If a change of ownership occurs, the owner(s) of
record must file a cancellation and registration within
45 days of filing,
D. Fictitious name registration must be renewed
between July 1 and December 31 in the expiration year.
- CORRECT ANSWER -C. If a change of ownership
occurs, the owner(s) of record must file a cancellation
and registration within 45 days of filing,
1-15
Three partners, Noah, Evan & Steven form a
partnership. Noah invests $30,000; Steven invests
$20,000 and Evan invests $15,000. In addition, Noah
performs specific management functions for which he
is paid $5,000 from the partnership proceeds. If the
, partnership earns $244,000, how much will Noah
receive?
A. Less than $70,000
B. Between $70,000 -$90,000
C. Between $90,000-$110,000
D. More than $110,000 - CORRECT ANSWER -D. More
than $110,000
1-12
If the above partnership were dissolved, showing a net
loss of $60,000, how much would Noah owe?
A. $60,000
B. $4,666
C. $20,000
D. $0.00 - CORRECT ANSWER -A. $60,000
1-13
EXAM QUESTIONS EXAMINATION
COMPLETE PRACTICE QUESTIONS
AND ANSWERS | VERIFIED
SOLUTIONS | UPDATED 2026/2027
STUDY GUIDE
A properly registered fictitious name is valid for
________________
A. 1 year
B. 2 years
C. 3 years
D. 5 years - CORRECT ANSWER -D. 5 years
1-15
,Which of the following would have jurisdiction over
dredging or excavation of navigable waters and
wetlands?
A. U.S. Dept. of the Interior
B. Florida Dept. of State
C. Florida Dept.of Transportation
D. U.S Army Corps of Engineers - CORRECT ANSWER -D.
U.S Army Corps of Engineers
1-16
The name of the form which is used to apply for sales
tax is?
A. W2
B. DR-1
C. S1
D. W4 - CORRECT ANSWER -B. DR-1
1-21
,Which of the following is NOT true about a fictitious
name registration?
A. Valid for 5 years.
B. The fictitious name must be advertised at least one
time.
C. If a change of ownership occurs, the owner(s) of
record must file a cancellation and registration within
45 days of filing,
D. Fictitious name registration must be renewed
between July 1 and December 31 in the expiration year.
- CORRECT ANSWER -C. If a change of ownership
occurs, the owner(s) of record must file a cancellation
and registration within 45 days of filing,
1-15
Three partners, Noah, Evan & Steven form a
partnership. Noah invests $30,000; Steven invests
$20,000 and Evan invests $15,000. In addition, Noah
performs specific management functions for which he
is paid $5,000 from the partnership proceeds. If the
, partnership earns $244,000, how much will Noah
receive?
A. Less than $70,000
B. Between $70,000 -$90,000
C. Between $90,000-$110,000
D. More than $110,000 - CORRECT ANSWER -D. More
than $110,000
1-12
If the above partnership were dissolved, showing a net
loss of $60,000, how much would Noah owe?
A. $60,000
B. $4,666
C. $20,000
D. $0.00 - CORRECT ANSWER -A. $60,000
1-13
