Contractors Business Law Exam- Solved
A claimant in Utah MUST file notice to hold and claim a lien within how many days after
a substantial protion of the work is completed in a residence? - ANSWER-180 Days
A company will NOT need to file a report for an injury that results in - ANSWER-Only a
minor cut or scratch
A laborer is NOT considered an employee if you - ANSWER-Provide a 1099
A laborer is NOT considered an employee if you - ANSWER-Provide a 1099
A lien is placed on a property, and it was paid so the property can be sold. How many
days does the lien holder have to remove it? - ANSWER-10 days
A preliminary notice should be filed by a contractor how many days after the
commencement of the day of the project? - ANSWER-20 days
A qualifier must prove DOPL that? - ANSWER-that they have a management position
A subcontractor has not been paid on a federal job by XYZ General Contractors.
According to the MILLER ACT how long from the completion date of the job must the
subcontractor wait before filing a lawsuit against the bond XYZ General Contractors? -
ANSWER-90 days
According to the OSHA which is the most hazardous? - ANSWER-Lead
According to Utah Mechanics Lien Laws, when satisfying liens, who would take first
priority of payment? - ANSWER-Laborers who worked on job
After hiring a disabled person, which of the following can't you do, according to the
American with Disabilities Act? - ANSWER-Require a medical examination of just the
person you suspect is disabled.
After the division receives an application for licensure, how many days does the division
have to decide whether to issue a license to that applicant? - ANSWER-5 days#
NASLCA 2nd edition pg E-34 58-55-403
All of the following are considered source documents in an accounting system EXCEPT:
- ANSWER-Tax Returns
An employer fails to provide safety equipment for a project and an employee is injured.
What additional percentage of the workers compensation claim is the employee entitled
to? - ANSWER-15
, An employer is required to work overtime but is not paid for the overtime worked. If the
secretary of labor brings suit against the employer what amount can the secretary
require the employer to pay? - ANSWER-Twice the overtime pay
An employer must determine how much income tax to withhold from each employees
wages. What is the document used to determine the amount to be withheld? -
ANSWER-Form W-4
An employer must submit a completed I-9 form for all employees within how may days
of hire date? - ANSWER-3 days
An owner requires a contractor to indemnify the owner for damages of extra costs
incurred. If the contractor wants the contract he should? - ANSWER-have the contract
reviewed by an insurance agent
By what date must employees send W-2 statements to employees who have had taxes
withheld and who are still working for the employer as of December 31st? - ANSWER-
January 31st
Construction Contractor's licenses expire on November 30th of each - ANSWER-Odd
numbered year
Contractor's license number must be on all of the following except? - ANSWER-Bank
financing agreeements (loan documents)
Contractors may be required to be bonded before a project can begin. When required
what type of bond is used to guarantee the completion of the project? - ANSWER-
Performance Bond
Direct costs are those directly linked with a particular project. Which of the following
would NOT be considered a direct cost? - ANSWER-warehouse rental
Employers who violate the overtime pay requirements are subject to a civil money
penalty of up to how much? - ANSWER-$1,100
General costs that are designated for specific job site are considered to be - ANSWER-
project overhead
Given the following information figure this companies Quick Ratio - ANSWER-1.2 ratio
How do you properly educate your employees on hazardous material - ANSWER-
MSDS
How long does form 301 have to be kept? - ANSWER-5 years
How many employees does it take for the Fair Labor Act to be applied? - ANSWER-1
A claimant in Utah MUST file notice to hold and claim a lien within how many days after
a substantial protion of the work is completed in a residence? - ANSWER-180 Days
A company will NOT need to file a report for an injury that results in - ANSWER-Only a
minor cut or scratch
A laborer is NOT considered an employee if you - ANSWER-Provide a 1099
A laborer is NOT considered an employee if you - ANSWER-Provide a 1099
A lien is placed on a property, and it was paid so the property can be sold. How many
days does the lien holder have to remove it? - ANSWER-10 days
A preliminary notice should be filed by a contractor how many days after the
commencement of the day of the project? - ANSWER-20 days
A qualifier must prove DOPL that? - ANSWER-that they have a management position
A subcontractor has not been paid on a federal job by XYZ General Contractors.
According to the MILLER ACT how long from the completion date of the job must the
subcontractor wait before filing a lawsuit against the bond XYZ General Contractors? -
ANSWER-90 days
According to the OSHA which is the most hazardous? - ANSWER-Lead
According to Utah Mechanics Lien Laws, when satisfying liens, who would take first
priority of payment? - ANSWER-Laborers who worked on job
After hiring a disabled person, which of the following can't you do, according to the
American with Disabilities Act? - ANSWER-Require a medical examination of just the
person you suspect is disabled.
After the division receives an application for licensure, how many days does the division
have to decide whether to issue a license to that applicant? - ANSWER-5 days#
NASLCA 2nd edition pg E-34 58-55-403
All of the following are considered source documents in an accounting system EXCEPT:
- ANSWER-Tax Returns
An employer fails to provide safety equipment for a project and an employee is injured.
What additional percentage of the workers compensation claim is the employee entitled
to? - ANSWER-15
, An employer is required to work overtime but is not paid for the overtime worked. If the
secretary of labor brings suit against the employer what amount can the secretary
require the employer to pay? - ANSWER-Twice the overtime pay
An employer must determine how much income tax to withhold from each employees
wages. What is the document used to determine the amount to be withheld? -
ANSWER-Form W-4
An employer must submit a completed I-9 form for all employees within how may days
of hire date? - ANSWER-3 days
An owner requires a contractor to indemnify the owner for damages of extra costs
incurred. If the contractor wants the contract he should? - ANSWER-have the contract
reviewed by an insurance agent
By what date must employees send W-2 statements to employees who have had taxes
withheld and who are still working for the employer as of December 31st? - ANSWER-
January 31st
Construction Contractor's licenses expire on November 30th of each - ANSWER-Odd
numbered year
Contractor's license number must be on all of the following except? - ANSWER-Bank
financing agreeements (loan documents)
Contractors may be required to be bonded before a project can begin. When required
what type of bond is used to guarantee the completion of the project? - ANSWER-
Performance Bond
Direct costs are those directly linked with a particular project. Which of the following
would NOT be considered a direct cost? - ANSWER-warehouse rental
Employers who violate the overtime pay requirements are subject to a civil money
penalty of up to how much? - ANSWER-$1,100
General costs that are designated for specific job site are considered to be - ANSWER-
project overhead
Given the following information figure this companies Quick Ratio - ANSWER-1.2 ratio
How do you properly educate your employees on hazardous material - ANSWER-
MSDS
How long does form 301 have to be kept? - ANSWER-5 years
How many employees does it take for the Fair Labor Act to be applied? - ANSWER-1
