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WV BUSINESS LAW PRACTICE EXAM FOR CONTRACTORS PRACTICE QUESTIONS AND ANSWERS (100% PASS $11.49   Add to cart

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WV BUSINESS LAW PRACTICE EXAM FOR CONTRACTORS PRACTICE QUESTIONS AND ANSWERS (100% PASS

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  • Contractors License

WV BUSINESS LAW PRACTICE EXAM FOR CONTRACTORS PRACTICE QUESTIONS AND ANSWERS (100% PASS) 1. What type of contract requires the contractor to be responsible for both the engineering and construction of a project? a. Traditional b. Design build c. Turn key d. Concession - Answer️️ -b. Desi...

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  • August 30, 2024
  • 15
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Contractors License
  • Contractors License
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OliviaWest
©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM



WV BUSINESS LAW PRACTICE EXAM FOR CONTRACTORS
PRACTICE QUESTIONS AND ANSWERS (100% PASS)



1. What type of contract requires the contractor to be responsible for both the

engineering and construction of a project?

a. Traditional

b. Design build

c. Turn key


d. Concession - Answer✔️✔️-b. Design build


2. By what date is an employer required to provide its employees with a W-2?

a. January 31

b. February 15

c. March 31


d. April 15 - Answer✔️✔️-a. January 31


3. When developing a project schedule, what does WBS stand for?

a. Work breakdown structure




1

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


b. Work building schedule

c. Wall board system


d. Whole build system - Answer✔️✔️-a. Work breakdown structure


4. Overtime wages are paid at what percentage of the normal wage rate? -

Answer✔️✔️-c. 150%


5. Using the percentage method of withholding, what is the income tax deducted

form an employees wages that earns $1,500 per pay period, is paid bi-weekly, is

single and claims no deductions?

a. $82.95

b. 165.90

c. $194.50


d. $214.50 - Answer✔️✔️-c. $194.50


6. What is the penalty for submitting an IRS payroll tax deposit in the amount of

$5,000 that is 2 days late?

a. $100

b. $250

c. $500


2

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