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Contractors State License Exam Practice Questions and Answers (100% Pass)
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Contractors State License Exam Practice Questions and Answers (100% Pass) Who do employers pay FUTA tax? - Answer️️ -IRS A subcontractor must file a mechanics lien with the - Answer️️ -county recorder A balance sheet shows - Answer️️ -assets, liabilities, at a certain point in time ...

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  • August 30, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • contractors state license exam practice questions

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  • Contractors License
  • Contractors License

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©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM




Contractors State License Exam Practice
Questions and Answers (100% Pass)

Who do employers pay FUTA tax? - Answer✔️✔️-IRS


A subcontractor must file a mechanics lien with the - Answer✔️✔️-county recorder


A balance sheet shows - Answer✔️✔️-assets, liabilities, at a certain point in time


Solvency ratios are concerned with - Answer✔️✔️-paying ongoing debts


what financial rations measure liquidity - Answer✔️✔️-current ratio and quick ration


Quick ratio is also known as - Answer✔️✔️-acid test


Accounts Receivable is - Answer✔️✔️-the balance of money due from customers


A stop notice should be filed on a - Answer✔️✔️-public works project


Revenue and expenses over an extended period of time is on a - Answer✔️✔️-

income statement

a contractor is required to report a construction related civil court judgement to

CSLB within - Answer✔️✔️-90 days



1

,©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM


the definition of fixed expense is - Answer✔️✔️-any expense that does not change

from period to period


What is an example of a fixed expense? - Answer✔️✔️-Overhead, and office rental


In most construction contracts the retention may be held for up to - Answer✔️✔️-60

days


How often are FUTA tax deposits made by most employers - Answer✔️✔️-quarterly


difference between current assets and current liabilities - Answer✔️✔️-networking

capital


Board of Equalization collects - Answer✔️✔️-state sales tax


what form summarizes revenue, operating expenses and costs of sales for a period

of time - Answer✔️✔️-income statement


Who may qualify for more than one active contractor's license - Answer✔️✔️-sole

proprietor or RMO with 20% ownership


State disability insurance is paid by - Answer✔️✔️-employees only


which agency is responsible for promoting the well being of workers in CA -

Answer✔️✔️-Department of Industrial Relations




2

, ©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM


State disability and income taxes are - Answer✔️✔️-reported and paid quarterly


A contractor's personal income tax should be sent to which office? - Answer✔️✔️-

Franchise tax board


Dividing watts by amps gives you - Answer✔️✔️-volts (WAV)


UMC is what - Answer✔️✔️-uniform machanical code


UPC is what - Answer✔️✔️-Uniform plumbing code


SBC is what - Answer✔️✔️-Standard building contract


DOSH is what - Answer✔️✔️-Division of occupational safety and health


UBC is what - Answer✔️✔️-Uniform Building Code


Power load equals what - Answer✔️✔️-watts


an anmeter is used in ________with a _________ circuit - Answer✔️✔️-series,

energized


Tolerance on longitudinal rebar when bar is bent at both ends is what - Answer✔️✔️-

plus or minus "1/2" inch


In general, an asphalt shingle should have a weather exposure of - Answer✔️✔️-5

inches


3

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