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The costs of running your business, including office expenses, etc., is
called:
a. Direct Costs
b. Overhead
c. A liability
d. Accrual - ✔✔b. Overhead
Which government agency collects State Unemployment Tax?
a. Employment Development Department
b. County Unemployment Office
c. Franchise Tax Board
d. Internal Revenue Service - ✔✔a. Employment Development Department
Who does not need a California Contractor's State License?
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, a. Someone who repairs or maintains an air-conditioning unit or heat-pump
unit.
b. Someone who installs mobile-homes
c. Someone who digs wells on the property of others
d. Sale or installation of finished products that do not become a fixed part of
the structure - ✔✔d. Sale or installation of finished products that do not
become a fixed part of the structure
Which of the following is not part of a Home-Improvement Contract?
a. Mechanic's Lien Warning
b. Notice of Cancellation
c. Twenty-Day Preliminary Notice
d. All of the above. - ✔✔c. Twenty-Day Preliminary Notice
Prime Contractor must pay subcontractor when?
a. 10-days after Prime-contractor received payment
b. When Prime-contractor receives withheld retention monies
c. 30-days after completion
d. As soon as subcontractor completes the work - ✔✔a. 10-days after
Prime-contractor received payment
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