COMMERCIAL
CONTRACTOR PRACTICE
EXAM QUESTIONS
2026
Master Exam Prep Bundle
(Verified Questions & Answers)
A+ Grade Guaranteed
,An employee earns $12.50 per hour. What is the gross pay C.$693.75
of this non-exempt employee who works 45 hours during a
holiday week, and receives 8 hours additional pay for the
holiday?
A.$562.50
B.$662.50
C.$693.75
D.$743.75
Which of the following statements about a sole A.The business, or any part of it, can be sold, altered, or exchanged at will.
proprietorship is TRUE?
A. The business, or any part of it, can be sold, altered, or
exchanged at will.
B. The business will survive the death of the owner.
C. It provides the owner with limited liability for debts and
actions of the business
D. The business is not subject to Federal income tax.
What is the name of the process when a facilitator meets A.Partnering
with the major participants in a project, prior to the
commencement of the project, to identify the shared goals
of all participants?
A. Partnering
B. Arbitration
C. Mediation
D. Claims resolution
How much is an employer who withheld employee D.$1530
Medicare and Social Security taxes or $765 REQUIRED to
send to the IRS?
A. $145
B. $620
C. $765
D. $1,530
Records of an employee's exposure to hazardous D.30 years
materials MUST be kept a MINIMUM of how many years?
A. 3 years
B. 7 years
C. 15 years
D. 30 years
2026
, What can be determined by summing the project activities A.The total resource demand for a project at any given time.
into an overall schedule?
A. The total resource demand for a project at any given
time.
B.The total amount that the company will earn from the
job.
C.The total insurance needs of the company.
D.The total man-hours needed for all projects.
What MUST be done with the taxes withheld by an C.The taxes must be held in a separate account and not used for anything
employer between the time that they are withheld and the
time that they are sent to the IRS? else.
A. The taxes can be kept in the general company account.
B. The taxes must be kept in a savings account.
C. The taxes must be held in a separate account and not
used for anything else.
D. The taxes can be used to temporarily pay the
company's expenses.
Costs that relate to construction but are not directly C.project overhead
associated with labor and materials for a specific project
are considered to be which of the following?
A. overhead burden
B. company overhead
C. project overhead
D. variable overhead
What is the average collection period ratio for a firm that B.6.6
has $365,000 in annual revenues, $6,600 in current
receivables, and net income of $32,000?
A. 4.8
B. 6.6
C. 11.4
D. 55.3
Which is an advantage of a Critical Path Method (CPM) D.It identifies activities that must be completed before other activities can
schedule?
occur.
A. It is the easiest to interpret
B. It identifies the cash flow needs at any point in the
project.
C. It most clearly shows all the activities needed to
complete the project.
D. It identifies activities that must be completed before
other activities can occur.
2026
CONTRACTOR PRACTICE
EXAM QUESTIONS
2026
Master Exam Prep Bundle
(Verified Questions & Answers)
A+ Grade Guaranteed
,An employee earns $12.50 per hour. What is the gross pay C.$693.75
of this non-exempt employee who works 45 hours during a
holiday week, and receives 8 hours additional pay for the
holiday?
A.$562.50
B.$662.50
C.$693.75
D.$743.75
Which of the following statements about a sole A.The business, or any part of it, can be sold, altered, or exchanged at will.
proprietorship is TRUE?
A. The business, or any part of it, can be sold, altered, or
exchanged at will.
B. The business will survive the death of the owner.
C. It provides the owner with limited liability for debts and
actions of the business
D. The business is not subject to Federal income tax.
What is the name of the process when a facilitator meets A.Partnering
with the major participants in a project, prior to the
commencement of the project, to identify the shared goals
of all participants?
A. Partnering
B. Arbitration
C. Mediation
D. Claims resolution
How much is an employer who withheld employee D.$1530
Medicare and Social Security taxes or $765 REQUIRED to
send to the IRS?
A. $145
B. $620
C. $765
D. $1,530
Records of an employee's exposure to hazardous D.30 years
materials MUST be kept a MINIMUM of how many years?
A. 3 years
B. 7 years
C. 15 years
D. 30 years
2026
, What can be determined by summing the project activities A.The total resource demand for a project at any given time.
into an overall schedule?
A. The total resource demand for a project at any given
time.
B.The total amount that the company will earn from the
job.
C.The total insurance needs of the company.
D.The total man-hours needed for all projects.
What MUST be done with the taxes withheld by an C.The taxes must be held in a separate account and not used for anything
employer between the time that they are withheld and the
time that they are sent to the IRS? else.
A. The taxes can be kept in the general company account.
B. The taxes must be kept in a savings account.
C. The taxes must be held in a separate account and not
used for anything else.
D. The taxes can be used to temporarily pay the
company's expenses.
Costs that relate to construction but are not directly C.project overhead
associated with labor and materials for a specific project
are considered to be which of the following?
A. overhead burden
B. company overhead
C. project overhead
D. variable overhead
What is the average collection period ratio for a firm that B.6.6
has $365,000 in annual revenues, $6,600 in current
receivables, and net income of $32,000?
A. 4.8
B. 6.6
C. 11.4
D. 55.3
Which is an advantage of a Critical Path Method (CPM) D.It identifies activities that must be completed before other activities can
schedule?
occur.
A. It is the easiest to interpret
B. It identifies the cash flow needs at any point in the
project.
C. It most clearly shows all the activities needed to
complete the project.
D. It identifies activities that must be completed before
other activities can occur.
2026
