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CSLB Practice Test 100% Correct Answers Verified Latest 2024 Version

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The costs of running your business, including office expenses, etc., is called: a. Direct Costs b. Overhead c. A liability d. Accrual - b. Overhead Which government agency collects State Unemployment Tax? a. Employment Development Department b. County Unemployment Office c. Franchise Tax Board d. Internal Revenue Service - a. Employment Development Department Who does not need a California Contractor's State License? a. Someone who repairs or maintains an air-conditioning unit or heat-pump unit. b. Someone who installs mobile-homes c. Someone who digs wells on the property of others d. Sale or installation of finished products that do not become a fixed part of the structure - d. Sale or installation of finished products that do not become a fixed part of the structure Which of the following is not part of a Home-Improvement Contract? a. Mechanic's Lien Warningb. Notice of Cancellation c. Twenty-Day Preliminary Notice d. All of the above. - c. Twenty-Day Preliminary Notice Prime Contractor must pay subcontractor when? a. 10-days after Prime-contractor received payment b. When Prime-contractor receives withheld retention monies c. 30-days after completion d. As soon as subcontractor completes the work - a. 10-days after Prime-contractor received payment The Contractor's Surety Bond is necessary for most contractors to obtain their license. This bond is in the amount of: a. $2,500 b. $7,000 c. $15,000 d. $25,000 - c. $15,000 How long with the CSLB hold a contractor responsible for observable defects? a. 5-years b. 4-years c. 3-years d. 2-years - b. 4-years In which of the following circumstances must a licensed contractor provide their license number?a. On all contracts

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CSLB Practice Test | 100% Correct
Answers | Verified | Latest 2024 Version
The costs of running your business, including office expenses, etc., is called:



a. Direct Costs

b. Overhead

c. A liability

d. Accrual - ✔✔b. Overhead



Which government agency collects State Unemployment Tax?



a. Employment Development Department

b. County Unemployment Office

c. Franchise Tax Board

d. Internal Revenue Service - ✔✔a. Employment Development Department



Who does not need a California Contractor's State License?



a. Someone who repairs or maintains an air-conditioning unit or heat-pump unit.

b. Someone who installs mobile-homes

c. Someone who digs wells on the property of others

d. Sale or installation of finished products that do not become a fixed part of the structure - ✔✔d. Sale
or installation of finished products that do not become a fixed part of the structure



Which of the following is not part of a Home-Improvement Contract?



a. Mechanic's Lien Warning

, b. Notice of Cancellation

c. Twenty-Day Preliminary Notice

d. All of the above. - ✔✔c. Twenty-Day Preliminary Notice



Prime Contractor must pay subcontractor when?



a. 10-days after Prime-contractor received payment

b. When Prime-contractor receives withheld retention monies

c. 30-days after completion

d. As soon as subcontractor completes the work - ✔✔a. 10-days after Prime-contractor received
payment



The Contractor's Surety Bond is necessary for most contractors to obtain their license. This bond is in the
amount of:



a. $2,500

b. $7,000

c. $15,000

d. $25,000 - ✔✔c. $15,000



How long with the CSLB hold a contractor responsible for observable defects?



a. 5-years

b. 4-years

c. 3-years

d. 2-years - ✔✔b. 4-years



In which of the following circumstances must a licensed contractor provide their license number?

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