VA Contractor (General) Exam 2025
Questions and Answers
What is the term used for the method of allocating the cost of an asset over its
useful life?
Depreciation
Long-term liability
Cash flow
Budget - --CORRECT ANSWER--Depreciation
Under Virginia law, employers who regularly employ three or more full-time or
part-time employees must purchase and maintain ___ insurance.
General Liability
Workers' Compensation Insurance
All-Risk Builders' Risk Insurance
Commercial Auto Insurance - --CORRECT ANSWER--Workers' Compensation
Insurance
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,The rules and regulations of the Americans with Disabilities Act (ADA) apply to
all employers with a minimum of how many employees?
15
1
20
10 - --CORRECT ANSWER--15
Before hiring employees, you must have a(n) ___ issued by the IRS.
W-9
940-EZ Form
EIN - Employer Identification Number
15-T Employee Form - --CORRECT ANSWER--EIN - Employer Identification
Number
A contractor has delivered the Lead Pre-Notification pamphlet to each family in an
old apartment building prior to performing renovations. Confirmation of the
receipt of delivery must be be kept for ___?
30 years
5 years
3 years
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
, Not required to keep confirmation - --CORRECT ANSWER--3 years
What is the number of hours in a defined Fair Labor Standards Act (FLSA)
workweek?
5 days
168 hours
40 hours
7 days - --CORRECT ANSWER--168 hours
OSHA records must be kept by the employer for ____ following the year to which
they pertain.
One year
Three years
Seven years
Five years - --CORRECT ANSWER--Five years
What is the coverage of a surety bond?
Guarantees that the successful bidder will enter into the project
Protects the owner from liens from suppliers and subcontractors
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
Questions and Answers
What is the term used for the method of allocating the cost of an asset over its
useful life?
Depreciation
Long-term liability
Cash flow
Budget - --CORRECT ANSWER--Depreciation
Under Virginia law, employers who regularly employ three or more full-time or
part-time employees must purchase and maintain ___ insurance.
General Liability
Workers' Compensation Insurance
All-Risk Builders' Risk Insurance
Commercial Auto Insurance - --CORRECT ANSWER--Workers' Compensation
Insurance
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,The rules and regulations of the Americans with Disabilities Act (ADA) apply to
all employers with a minimum of how many employees?
15
1
20
10 - --CORRECT ANSWER--15
Before hiring employees, you must have a(n) ___ issued by the IRS.
W-9
940-EZ Form
EIN - Employer Identification Number
15-T Employee Form - --CORRECT ANSWER--EIN - Employer Identification
Number
A contractor has delivered the Lead Pre-Notification pamphlet to each family in an
old apartment building prior to performing renovations. Confirmation of the
receipt of delivery must be be kept for ___?
30 years
5 years
3 years
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
, Not required to keep confirmation - --CORRECT ANSWER--3 years
What is the number of hours in a defined Fair Labor Standards Act (FLSA)
workweek?
5 days
168 hours
40 hours
7 days - --CORRECT ANSWER--168 hours
OSHA records must be kept by the employer for ____ following the year to which
they pertain.
One year
Three years
Seven years
Five years - --CORRECT ANSWER--Five years
What is the coverage of a surety bond?
Guarantees that the successful bidder will enter into the project
Protects the owner from liens from suppliers and subcontractors
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
