UTAH CONTRACTOR BUSINESS & LAW PRACTICE TEST - PRACTICE TEST TO HELP
PREPARE FOR THE TEST (WITH ACCURATE ANSWERS)
An employer identification number (EIN) is required for all entity types EXCEPT
Sole Proprietorship
How long does the Fair Labor Standards Act require employers to keep copies of employee
wage statements?
3 years
The penalty if an employer does not carry workers compensation insurance is:
$1000 or 3 times the premium amount
The main purpose of the Fair Labor Standards Act is:
To establish minimum wage and overtime standards
A Utah employer must report new hires and rehires to the Department of Workforce
Services within how many days of hire or rehire?
20 Days
Federal form 941 taxes may be deposited monthly if for the previous 4 quarters a
company's total tax liability for 941 taxes was:
$50,000 or less
, Utah business must pay sales tax on a monthly basis via electronic funds transfer if their
liability is over:
Over $96,000
The withholding rate for Social Security is:
6.2%
Not making federal payroll tax deposits in a timely manner can result in penalties of:
2% to 100% of the amount due
The due date for a federal tax return falls on Sunday, April 30. The return must be filled by:
Monday, May 1
When must employers with more than 10 employees post OSHA Form 300A?
February 1 - April 30
If there is a fatality or serious injury to a worker, when must the employer notify OSHA?
Within 8 Hours
PREPARE FOR THE TEST (WITH ACCURATE ANSWERS)
An employer identification number (EIN) is required for all entity types EXCEPT
Sole Proprietorship
How long does the Fair Labor Standards Act require employers to keep copies of employee
wage statements?
3 years
The penalty if an employer does not carry workers compensation insurance is:
$1000 or 3 times the premium amount
The main purpose of the Fair Labor Standards Act is:
To establish minimum wage and overtime standards
A Utah employer must report new hires and rehires to the Department of Workforce
Services within how many days of hire or rehire?
20 Days
Federal form 941 taxes may be deposited monthly if for the previous 4 quarters a
company's total tax liability for 941 taxes was:
$50,000 or less
, Utah business must pay sales tax on a monthly basis via electronic funds transfer if their
liability is over:
Over $96,000
The withholding rate for Social Security is:
6.2%
Not making federal payroll tax deposits in a timely manner can result in penalties of:
2% to 100% of the amount due
The due date for a federal tax return falls on Sunday, April 30. The return must be filled by:
Monday, May 1
When must employers with more than 10 employees post OSHA Form 300A?
February 1 - April 30
If there is a fatality or serious injury to a worker, when must the employer notify OSHA?
Within 8 Hours
