NASCLA PSI Exam Practice Exam with Questions and Answers – 100% Solved
__________ scheduling consists of dates, delivery dates, payment schedule and vacations. It is a
simplified method. - ✔✔✔-Calendar 9-3
___Prohibits firing due to taking of property. - ✔✔✔-Wage Garnishment law 11-8
A contractor pays a workers comp a Seshan rate of $.10 per $100 of office employees payroll,
$2.00 per $100 of field supervisors payroll, and $.36 per $100 of field employees payroll. Total
office employee payroll for the year is $35,000. Total Office employee payroll for the year is
$35,000. Total field supervisor payroll is $58,000. Total field employee payroll is $325,000. The
contractor receives a discount of 5% of total premiums were having a safety program in place.
The total workers compensation for the year is? - ✔✔✔-D More than $2,000.00
0.10 * 35,000= 3,500 (based on 100)
3,500/100= 35.00 (Office payroll premium)
2.00* 58,000= 116,000/100= 1,160.00 (field S)
0.36 *325,000=117,000/100=1,170(field E)
35+1160+1170=2,365-5%= $2,246.75
A job estimated to cost $1 million. However, two companies have a Of $500,000. They can
legally do this job if they___? - ✔✔✔-Joint venture. 2-6
A lump sum contract on a project has a total contact price of $260,000. Retainage has been held
back at 10%. The contractor has received progress payments for 75% of the project. The
contractor submit a request for final payment should be for? - ✔✔✔-More than $80,000
$260,000 * .35= $91,000
A____________ is used when and owner of contracts with one company to complete the
construction process from the start to finish and purchase land. How do you - ✔✔✔-Turnkey. 8-
6
, NASCLA PSI Exam Practice Exam with Questions and Answers – 100% Solved
A____is a special business arrangement that exist when two or more companies join to
undertake a specific project. - ✔✔✔-Joint Venture. 2-6
An EAP is required to be in writing for______employees or more. - ✔✔✔-11 12-3
Delegating provides for all but the following? - ✔✔✔-I can do it all 5-1,5-2
Ethics has to do with all but which of the following? - ✔✔✔-Lying to the customer. 5-2
Exempt Forms W-4 expires on___ - ✔✔✔-February 15. 15-6
Failing to obtain proper workers compensation coverage is punishable by law and includes fines
up to___for the first 10 days. - ✔✔✔-$5,000 11-12
Fixed assets include all but which of the following? - ✔✔✔-Direct costs 14-3
FOB freight prepaid requires __________ to pay for shipping charges - ✔✔✔-Seller 14-12
For federal taxes, hey soul proprietor is to use self employment tax form____ - ✔✔✔-1040 &
Schedule SE 15-2
If D & K construction wanted to limit their liabilities, they should become and _____________ -
✔✔✔-C corporation. 2-5
If the contact is ambiguous , the interpretation will go against who? - ✔✔✔-The party who
wrote the contact 8-10
__________ scheduling consists of dates, delivery dates, payment schedule and vacations. It is a
simplified method. - ✔✔✔-Calendar 9-3
___Prohibits firing due to taking of property. - ✔✔✔-Wage Garnishment law 11-8
A contractor pays a workers comp a Seshan rate of $.10 per $100 of office employees payroll,
$2.00 per $100 of field supervisors payroll, and $.36 per $100 of field employees payroll. Total
office employee payroll for the year is $35,000. Total Office employee payroll for the year is
$35,000. Total field supervisor payroll is $58,000. Total field employee payroll is $325,000. The
contractor receives a discount of 5% of total premiums were having a safety program in place.
The total workers compensation for the year is? - ✔✔✔-D More than $2,000.00
0.10 * 35,000= 3,500 (based on 100)
3,500/100= 35.00 (Office payroll premium)
2.00* 58,000= 116,000/100= 1,160.00 (field S)
0.36 *325,000=117,000/100=1,170(field E)
35+1160+1170=2,365-5%= $2,246.75
A job estimated to cost $1 million. However, two companies have a Of $500,000. They can
legally do this job if they___? - ✔✔✔-Joint venture. 2-6
A lump sum contract on a project has a total contact price of $260,000. Retainage has been held
back at 10%. The contractor has received progress payments for 75% of the project. The
contractor submit a request for final payment should be for? - ✔✔✔-More than $80,000
$260,000 * .35= $91,000
A____________ is used when and owner of contracts with one company to complete the
construction process from the start to finish and purchase land. How do you - ✔✔✔-Turnkey. 8-
6
, NASCLA PSI Exam Practice Exam with Questions and Answers – 100% Solved
A____is a special business arrangement that exist when two or more companies join to
undertake a specific project. - ✔✔✔-Joint Venture. 2-6
An EAP is required to be in writing for______employees or more. - ✔✔✔-11 12-3
Delegating provides for all but the following? - ✔✔✔-I can do it all 5-1,5-2
Ethics has to do with all but which of the following? - ✔✔✔-Lying to the customer. 5-2
Exempt Forms W-4 expires on___ - ✔✔✔-February 15. 15-6
Failing to obtain proper workers compensation coverage is punishable by law and includes fines
up to___for the first 10 days. - ✔✔✔-$5,000 11-12
Fixed assets include all but which of the following? - ✔✔✔-Direct costs 14-3
FOB freight prepaid requires __________ to pay for shipping charges - ✔✔✔-Seller 14-12
For federal taxes, hey soul proprietor is to use self employment tax form____ - ✔✔✔-1040 &
Schedule SE 15-2
If D & K construction wanted to limit their liabilities, they should become and _____________ -
✔✔✔-C corporation. 2-5
If the contact is ambiguous , the interpretation will go against who? - ✔✔✔-The party who
wrote the contact 8-10
