Michigan Residential Builder Licensing Exam 2024

Created to serve as a complete, comprehensive code regulating the construction of single-family, two-family and buildings consisting of three or more townhouse units. - ans IRC (International Residential Code) Administrative - ans First 2 chapters of code book are True - ans Plans or ...

Federal unemployment tax - ans All of the following are calculated based on the employees earnings. The employee pays a portion of each except for ________ which is paid entirely by the employer. This system requires more recordkeeping - ans What is a disadvantage of using the accrual...

5 days - ans Time allotted for a residential builder to return sales person's license and for sales person to return I.D. card by certified mail 10 days - ans The department, after investigation, may request a licensee to appear at such investigative conference. Notice of a request f...

M&A contractors include: - ans A = Carpentry B = Concrete D = Excavation G = Insulation Work I = Masonry J = Painting & Decorating K = Siding M = Roofing If more than one office is used for work, the branch office must be __________ - ans Licensed The one who obtains the residenti...

A building inspector has been notified of a life threatening condition on a job site. When may the building inspector review the job site? - ans anytime As a licensed builder, you are applying for a permit to construct a new house. Which of the following is required to be submitted? - ans D...

Verification Form I-9 must be completed by applicants providing proof of identity and employment eligibility within ______ of employment. - ans 3 days What type of business is the easiest to establish and allows the owner to determine how profits are used although they are personally liable fo...

When it comes to comparing short-term and long-term income with the timeframe when costs and expenses were incurred, it would be best to - ans match the inflow and outflow of cash and place both in the same tax period. What is the disadvantage of using the accrual method of accounting? - ans ...