NASCLA Contractors Guide Arkansas 5th
edition with Complete Solutions 100% Correct |
2024. 198 Questions and Correct Answers.
2
How many members of the board are consumers?
right to work
what laws secure the right of employees to decide if they wish to support or join a union?
Consideration
__________ is anything of value
Social Security Card
which of the following establishes an employee's eligibility to leagally work in the united states?
foul language
which of the following should not be tolerated at a job site?
2
enployers engage in building repair work with __________or more employees are required to carry
workers compensation
15,896 (112,000 X 2.9=3,248 (total medicare) 102,000 X 12.4=12,648 (total social security)
12,648+3,248=15,896
If an employee earns 112,000 per year, what is the total amount of FICA to be paid in?
material consumption
which of the following iteams are not added after estimating materials and labor?
open a check account
which is not a purpose of marketing
Drivers License
which of the following establishes an employee's identity to leagally work in the United States?
1/3 (chapter 14-7)
What is the return on total assets if there is a net profit (after taxes) or 16,000 and total assets of
$48,000?
,Form of Agreement
all of the following are part of bid documents, Bid form , invitation to Bid, and Addenda except
W4
Which of the following is not used to pay taxes
ordinary income
A sole proprietor is taxed on _______?
2
How many years have to pass when a license expires to be determined nil?
injured from work
The purpose of workers compensation is to allow for monetary compensation when an employee is?
Force majeure
_________ is a provision written into contract that is used to limit risk in case of labor strikes?
1/2
New applications for licensure must have______the net worth?
11
An EAP is required for to be in writting for ______ employees or more?
940
What form is used to report FUTA taxes?
signed change order is not required
When handling change order, one should always do the following except?(invoice change order work
immediately, included complimentary work done without charge, show labor and quantity details)
January 31
State umemployment tax reports are dueby ____?
property tax
Generally, which of the following is not a business tax? ( employment tax, self- employment tax, income
tax are)
4/1 ( chapter 14-6 )
What is a quick ratio (or acid test ratio) for company that hascurrent assets of $28,000, inventory of
$4,000, and current liabilities of $6,000?
General Partners
, A management team for a limited partnership consists of?
income statement
What type of financial statement is used to establish revenues and expenses over a period of time?
project manager
Which of the following is not a member of the supervisory team?
$100
How much will a license pay if they file a renewal within 30 days after expiration?
payment bond protections are void before work begins
The construction industry payment protection act of 1999 states ____________
insuranse
All but which of the following is a guideline for job description? (SKA, Certificates, responsibilities are)
$35,000 ( Chapter 14-8)
What is a bill overage/ deficiency when there are cumulative earnings of $90,000 and the amount billed
to date is $55,000
1099
If subcontractor laborer earns $600 or more what form is used?
laid off
Umemployment insurance is for employees who have been__________
A decrease of $3780 (16,000+3250=19250 changes, 19000+3400=22400 orginal amount, 22400-
19250=3150*20%=630+3150=3780)
The owner requests for changes which will cost the contractor $16,000 in labor and materials and $3,250
in overhead costs. With the change, the contractor would be relieved of $19,000 in labor and materials
costs, and $3,400 in overhead costs from the original contract. The original bid included a profit of 20%
of all costs on the changes. The adjusted contract price for the change order should be ?
15
Action to forclose on a lien must begin with ______ monthsafter the lien id filed?
contractor reveals original bid
Which of the following does pertain to bid shopping?
employer
Who pays into workers compensation?
edition with Complete Solutions 100% Correct |
2024. 198 Questions and Correct Answers.
2
How many members of the board are consumers?
right to work
what laws secure the right of employees to decide if they wish to support or join a union?
Consideration
__________ is anything of value
Social Security Card
which of the following establishes an employee's eligibility to leagally work in the united states?
foul language
which of the following should not be tolerated at a job site?
2
enployers engage in building repair work with __________or more employees are required to carry
workers compensation
15,896 (112,000 X 2.9=3,248 (total medicare) 102,000 X 12.4=12,648 (total social security)
12,648+3,248=15,896
If an employee earns 112,000 per year, what is the total amount of FICA to be paid in?
material consumption
which of the following iteams are not added after estimating materials and labor?
open a check account
which is not a purpose of marketing
Drivers License
which of the following establishes an employee's identity to leagally work in the United States?
1/3 (chapter 14-7)
What is the return on total assets if there is a net profit (after taxes) or 16,000 and total assets of
$48,000?
,Form of Agreement
all of the following are part of bid documents, Bid form , invitation to Bid, and Addenda except
W4
Which of the following is not used to pay taxes
ordinary income
A sole proprietor is taxed on _______?
2
How many years have to pass when a license expires to be determined nil?
injured from work
The purpose of workers compensation is to allow for monetary compensation when an employee is?
Force majeure
_________ is a provision written into contract that is used to limit risk in case of labor strikes?
1/2
New applications for licensure must have______the net worth?
11
An EAP is required for to be in writting for ______ employees or more?
940
What form is used to report FUTA taxes?
signed change order is not required
When handling change order, one should always do the following except?(invoice change order work
immediately, included complimentary work done without charge, show labor and quantity details)
January 31
State umemployment tax reports are dueby ____?
property tax
Generally, which of the following is not a business tax? ( employment tax, self- employment tax, income
tax are)
4/1 ( chapter 14-6 )
What is a quick ratio (or acid test ratio) for company that hascurrent assets of $28,000, inventory of
$4,000, and current liabilities of $6,000?
General Partners
, A management team for a limited partnership consists of?
income statement
What type of financial statement is used to establish revenues and expenses over a period of time?
project manager
Which of the following is not a member of the supervisory team?
$100
How much will a license pay if they file a renewal within 30 days after expiration?
payment bond protections are void before work begins
The construction industry payment protection act of 1999 states ____________
insuranse
All but which of the following is a guideline for job description? (SKA, Certificates, responsibilities are)
$35,000 ( Chapter 14-8)
What is a bill overage/ deficiency when there are cumulative earnings of $90,000 and the amount billed
to date is $55,000
1099
If subcontractor laborer earns $600 or more what form is used?
laid off
Umemployment insurance is for employees who have been__________
A decrease of $3780 (16,000+3250=19250 changes, 19000+3400=22400 orginal amount, 22400-
19250=3150*20%=630+3150=3780)
The owner requests for changes which will cost the contractor $16,000 in labor and materials and $3,250
in overhead costs. With the change, the contractor would be relieved of $19,000 in labor and materials
costs, and $3,400 in overhead costs from the original contract. The original bid included a profit of 20%
of all costs on the changes. The adjusted contract price for the change order should be ?
15
Action to forclose on a lien must begin with ______ monthsafter the lien id filed?
contractor reveals original bid
Which of the following does pertain to bid shopping?
employer
Who pays into workers compensation?
