Florida Business and Finance prac ce exam
#1/Questons and answers | Updated RATED A+ | NEW
2026
"Hard Records", such as payroll, employment contracts, sales and purchase records must be
retained for ____ years.
3
"So Records", such as me cards and me sheets must be retained for ____years.
2
FS 489 requires complete financial and business records to be retained for _____ years.
3
OSHA logs 300/300A must be retained for ____ colander years.
5
Per IRS, records of employment taxes must be retained for _____ years. Bc
4
The Department, for boards under its jurisdic on, shall have the authority to close and
terminate deficient license applica on files ____ year(s) a er the board or board or the
department no fies the applicant of the deficiency.
2
I-9 forms must be retained _____.
(Either A or B) whichever is the latest date
Tests, inspec ons, and approvals of work shall be paid for by the ______ ; if tests are failed,
addi onal costs shall be borne by _____.
Owner; Contractor
The max hours of work allowed per week for a 16-year old while school is in session is _____
hours.
30
, A job has a cost to date of $34,000. The cost to complete is es mated to be $91,000. If the
contractor wanted to make a 12% profit, the contract price would be _____.
$140,000
The ______ regulates the FLSA.
Department of Labor
Atleast _____ days before the end of a licensure cycle, the dept shall forward no ce of pending
cancella on of licensure to a delinquent status licensee at the licensees last known address of
record or email provided to the department.
90
______ would probably not be subject to the over me regula ons.
Employees who are employed in the capacity of outside salesman
The Buy American Act does not include _______ .
Brazil
Per FLSA, an execu ve employee ______ .
All the above
An individual who smokes in a non-smoking area is subject to a fine of _____ for a repeat
offense.
500
A ______ would be most likely to receive a Limited License.
Re red professional
_____ is responsible to post OSHA posters on a mul -contractor project.
Each contractor
_______, duly authorized agents and employees of DBPR may inspect premises of any
establishment at all reasonable hours.
When the services offered at the premises include authoriza on to prescribe controlled
substances
Unless the applicant no fies the department at least ______ days prior to an examina on
hearing of the applicants inability to aDend, the department may require an applicant to pay
#1/Questons and answers | Updated RATED A+ | NEW
2026
"Hard Records", such as payroll, employment contracts, sales and purchase records must be
retained for ____ years.
3
"So Records", such as me cards and me sheets must be retained for ____years.
2
FS 489 requires complete financial and business records to be retained for _____ years.
3
OSHA logs 300/300A must be retained for ____ colander years.
5
Per IRS, records of employment taxes must be retained for _____ years. Bc
4
The Department, for boards under its jurisdic on, shall have the authority to close and
terminate deficient license applica on files ____ year(s) a er the board or board or the
department no fies the applicant of the deficiency.
2
I-9 forms must be retained _____.
(Either A or B) whichever is the latest date
Tests, inspec ons, and approvals of work shall be paid for by the ______ ; if tests are failed,
addi onal costs shall be borne by _____.
Owner; Contractor
The max hours of work allowed per week for a 16-year old while school is in session is _____
hours.
30
, A job has a cost to date of $34,000. The cost to complete is es mated to be $91,000. If the
contractor wanted to make a 12% profit, the contract price would be _____.
$140,000
The ______ regulates the FLSA.
Department of Labor
Atleast _____ days before the end of a licensure cycle, the dept shall forward no ce of pending
cancella on of licensure to a delinquent status licensee at the licensees last known address of
record or email provided to the department.
90
______ would probably not be subject to the over me regula ons.
Employees who are employed in the capacity of outside salesman
The Buy American Act does not include _______ .
Brazil
Per FLSA, an execu ve employee ______ .
All the above
An individual who smokes in a non-smoking area is subject to a fine of _____ for a repeat
offense.
500
A ______ would be most likely to receive a Limited License.
Re red professional
_____ is responsible to post OSHA posters on a mul -contractor project.
Each contractor
_______, duly authorized agents and employees of DBPR may inspect premises of any
establishment at all reasonable hours.
When the services offered at the premises include authoriza on to prescribe controlled
substances
Unless the applicant no fies the department at least ______ days prior to an examina on
hearing of the applicants inability to aDend, the department may require an applicant to pay
