100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
FLORIDA CONTRACTORS MANUAL (FINAL ACCURATE EXAM)2025|100% VERIFIED BRAND NEW EXAM QUESTIONS AND CORRECT ANSWERS ALL GRADED A+|GUARANTEED SUCCESS|LATESTUPDATE $12.49
Add to cart
FLORIDA CONTRACTORS MANUAL (FINAL ACCURATE EXAM)2025|100% VERIFIED BRAND NEW EXAM QUESTIONS AND CORRECT ANSWERS ALL GRADED A+|GUARANTEED SUCCESS|LATESTUPDATE
7 views 0 purchase
Course
FLORIDA CONTRACTORS MANUAL
Institution
FLORIDA CONTRACTORS MANUAL
FLORIDA CONTRACTORS MANUAL (FINAL ACCURATE EXAM)2025|100% VERIFIED BRAND NEW EXAM QUESTIONS AND CORRECT ANSWERS ALL GRADED A+|GUARANTEED SUCCESS|LATESTUPDATE
All of the following are true regarding a general partnership except: - ANSWER-there is a potential of double taxation on earnings
...
FLORIDA CONTRACTORS MANUAL (FINAL
ACCURATE EXAM)2025|100% VERIFIED
BRAND NEW EXAM QUESTIONS AND
CORRECT ANSWERS ALL GRADED
A+|GUARANTEED SUCCESS|LATESTUPDATE
2024-2025
All of the following are true regarding a general partnership except: - ANSWER-
✅there is a potential of double taxation on earnings
A joint venture is: - ANSWER-✅two or more persons or entities jointly seeking a
profit in some specific venture without an actual partnership or corporation
designation
Which of the following is true regarding a joint venture? - ANSWER-✅a joint
venture is generally limited to a single transaction
One of the advantages of a standard corporation is: - ANSWER-✅fringe benefits are
tax deductible
Which of the following statements is true concerning an S Corporation? - ANSWER-
✅Only individuals or estates can be shareholders.
Which of the following is an advantage of an S Corporation? - ANSWER-✅as sole
proprietors, income or losses are reported as to an individual taxpayer.
Which of the following is an advantage of a regular corporation? - ANSWER-✅tax
deductible fringe benefits
A person may engage in business under a fictitious name by registering the name
with the: - ANSWER-✅Division of Corporations
How long is a registered fictitious name valid for? - ANSWER-✅5 years
According to the Florida Contractors Manual, a Model Business Plan should include
an equity structure of total ownership divided by total capitalization of a ____ ratio. -
ANSWER-✅1 to 1
,A model business plan should include which of the following personal information? -
ANSWER-✅last three years of personal income tax returns
Unless you are a sole proprietor, federal form SS-4 must be filed on or before the: -
ANSWER-✅seventh day after the date on which business begins
Occupational licenses may be required for every business and are issued by the: -
ANSWER-✅counties and cities
Which agency oversees engineers in the State of Florida? - ANSWER-✅Board of
Professional Engineers
How are Florida sales tax reported and paid? - ANSWER-✅Reported on form DR-15-
CS and paid on a monthly basis
According to the Florida Contractors Manual, a partnership can be dissolved for all
of the following except: - ANSWER-✅by order of the Florida DBPR
Florida Statutes (Chapter 489) provides for the licensure and regulation of all types
of contractors in Florida and are divided into: - ANSWER-✅construction contracting,
electrical and alarm systems contracting, and septic tank contracting
According to the Contractors Manual, which of the following is required to be
licensed under Chapter 489.103 of the Florida Statues? - ANSWER-✅persons
performing small remodeling jobs with a contract price of less than $2,500
Which of the following construction projects requires a licensed general contractor?
- ANSWER-✅service stations
Which of the following construction projects requires a licensed contractor? -
ANSWER-✅bank
Which of the following must be subcontracted by a state certified general
contractor, unless a general contractor holds a state certificate of competency or
license in that area? - ANSWER-✅air conditioning ductwork
According to Chapter 489 of the licensing law, what work can a licensed general
contractor do on new buildings? - ANSWER-✅fiberglass shingle roofing
Which of the following is true regarding a general contractor who is constructing the
main sanitary sewer collection system, the storm collection system, or the water
distribution system on new site
development work, but not including continuation of utility lines? - ANSWER-✅the
general contractor may do the work himself
Which of the following is NOT an IRS category used to define independent
contractors? - ANSWER-✅first degree misdemeanor
, Engaging in contracting services or holding oneself out to be a contractor without
first obtaining a license is a violation of Florida law and is considered a ____ for a
first offense. - ANSWER-✅first degree misdemeanor
The maximum amount of compensation that a consumer is entitled to if injured on a
job site due to an unlicensed contractor's negligence is: - ANSWER-✅triple the
amount of damages, plus attorney's fees
Which of the following must be true for a person to qualify for a state certification
of competency? - ANSWER-✅be of good moral character, be at least 18 years of age
and pass an examination
Which of the following licenses and/or certifications is necessary to engage in the
business of installation, improvement, repair or maintenance of any tubing, pipe or
similar conduit used to
transport gas for medical purposes? - ANSWER-✅a plumbing contractor with
medical gas certification
All certified contractors must carry and maintain what type of insurance in order to
work in the state of Florida? - ANSWER-✅public liability and property damage in the
amounts as set by the board
As a prerequisite to initial licensure or the renewal of a license as certified or
registered contractor, general and building contractors must carry a minimum
insurance amount of: - ANSWER-✅$300,000 liability/$50,000 property damage
Every certified and registered contractor must complete a minimum of ___ hours of
continuing education during every two-year license cycle. - ANSWER-✅14
When the sole qualifying agent leaves the employ of a business organization, the
organization must replace the qualifying agent within: - ANSWER-✅60 days
A qualifying agent for a business organization: - ANSWER-✅is legally qualified to act
for the business in all matters connected with contracting
A maximum of------ of the required continuing education hours can be fulfilled by
the performance of pro bona services to the indigent or to underserved populations
within the state where the licensee practices. - ANSWER-✅25%
According to Florida Statutes Chapter 455, the Board shall keep an accurate record
of each applicant's examination questions, answers, papers, grades, and grading key
for a period of not less than ____ immediately following the examination. - ANSWER-
✅2 years
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BRILLIANTSOLUTIONS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
