Contractors Business/Law Exam Practice Questions and Answers
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Module
Contractors License
Institution
Contractors License
Contractors Business/Law Exam Practice
Questions and Answers
If an employer's Federal Payroll Tax liability is $1000 how may they pay taxes? -
Answer️️ -quarterly
How many employees does it take for the Fair Labor Act to be applied? -
Answer️️ -1
What accounting method records income ...
Where can you get accurate information about tax deposit schedules? -
Answer✔️✔️-IRS Publication Circular E
Which of the following statements correctly describes the cash method of
accounting? - Answer✔️✔️-Income / expenses are recorded at the time they are
received / paid
What type of workplace insurance provides all the benefits required by law for
employees' who are killed or injured as a result of their employment - Answer✔️✔️-
Workers Compensation
If an employee is covered by Workers Compensation in the state of Utah and is
doing a job in Colorado and gets injured, are they covered by Utah Workers
Compensation? - Answer✔️✔️-Yes, the Utah fund would cover the employee but the
employer should look into getting coverage in state of Colorado also.
After the division receives an application for licensure, how many days does the
division have to decide whether to issue a license to that applicant? - Answer✔️✔️-5
days# NASLCA 2nd edition pg E-34 58-55-403
With a Residential Small Commercial license (R100) how many units can build for
multi family units? - Answer✔️✔️-a four plex
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