WV BUSINESS LAW PRACTICE EXAM FOR CONTRACTORS (2025) comprehensive questions and verified detailed solutions ( MULTIPLE CHOICES) |100% CORRECT!!

3/27/25, 12:34 PM WV BUSINESS LAW PRACTICE EXAM FOR CONTRACTORS (2025) comprehensive questions and verified detailed solutio…




WV BUSINESS LAW PRACTICE EXAM FOR
CONTRACTORS (2025) comprehensive
questions and verified detailed solutions (
MULTIPLE CHOICES) |100% CORRECT!!
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Terms in this set (35)


1. What type of contract b. Design build
requires the contractor to
be responsible for both
the engineering and
construction of a
project?
a. Traditional
b. Design build
c. Turn key
d. Concession

2. By what date is an a. January 31
employer required to
provide its employees
with a W-2?
a. January 31
b. February 15
c. March 31
d. April 15




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, 3/27/25, 12:34 PM WV BUSINESS LAW PRACTICE EXAM FOR CONTRACTORS (2025) comprehensive questions and verified detailed solutio…


3. When developing a a. Work breakdown structure
project schedule, what
does WBS stand for?
a. Work breakdown
structure
b. Work building
schedule
c. Wall board system
d. Whole build system

4. Overtime wages are c. 150%
paid at what percentage
of the normal wage rate?

5. Using the percentage c. $194.50
method of withholding,
what is the income tax
deducted form an
employees wages that
earns $1,500 per pay
period, is paid bi-weekly,
is single and claims no
deductions?
a. $82.95
b. 165.90
c. $194.50
d. $214.50

6. What is the penalty for a. $100
submitting an IRS payroll
tax deposit in the amount
of $5,000 that is 2 days
late?
a. $100
b. $250
c. $500
d. $750




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