COMMERCIAL CONTRACTOR PRACTICE EXAM BANK 2025/2026 |
ACCURATE REAL EXAM QUESTIONS AND ANSWERS WITH VERIFIED
RATIONALES | 3 CURRENTLY TESTING VERSIONS WITH 60 EACH AND A
STUDY GUIDE | LATEST UPDATE
An employee earns $12.50 per hour. What is the gross pay of this non-exempt employee who
works 45 hours during a holiday week, and receives 8 hours additional pay for the holiday?
A.$562.50
B.$662.50
C.$693.75
D.$743.75 - (Correct Answer) - C.$693.75
Which of the following statements about a sole proprietorship is TRUE?
A. The business, or any part of it, can be sold, altered, or exchanged at will.
B. The business will survive the death of the owner.
C. It provides the owner with limited liability for debts and actions of the business
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D. The business is not subject to Federal income tax. - (Correct Answer) - A.The business, or any
part of it, can be sold, altered, or exchanged at will.
What is the name of the process when a facilitator meets with the major participants in a project,
prior to the commencement of the project, to identify the shared goals of all participants?
A. Partnering
B. Arbitration
C. Mediation
D. Claims resolution - (Correct Answer) - A.Partnering
How much is an employer who withheld employee Medicare and Social Security taxes or $765
REQUIRED to send to the IRS?
A. $145
B. $620
C. $765
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D. $1,530 - (Correct Answer) - D.$1530
Records of an employee's exposure to hazardous materials MUST be kept a MINIMUM of how
many years?
A. 3 years
B. 7 years
C. 15 years
D. 30 years - (Correct Answer) - D.30 years
What can be determined by summing the project activities into an overall schedule?
A. The total resource demand for a project at any given time.
B.The total amount that the company will earn from the job.
C.The total insurance needs of the company.
, [Type here]
D.The total man-hours needed for all projects. - (Correct Answer) - A.The total resource demand
for a project at any given time.
What MUST be done with the taxes withheld by an employer between the time that they are
withheld and the time that they are sent to the IRS?
A. The taxes can be kept in the general company account.
B. The taxes must be kept in a savings account.
C. The taxes must be held in a separate account and not used for anything else.
D. The taxes can be used to temporarily pay the company's expenses. - (Correct Answer) - C.The
taxes must be held in a separate account and not used for anything else.
Costs that relate to construction but are not directly associated with labor and materials for a
specific project are considered to be which of the following?
A. overhead burden
ACCURATE REAL EXAM QUESTIONS AND ANSWERS WITH VERIFIED
RATIONALES | 3 CURRENTLY TESTING VERSIONS WITH 60 EACH AND A
STUDY GUIDE | LATEST UPDATE
An employee earns $12.50 per hour. What is the gross pay of this non-exempt employee who
works 45 hours during a holiday week, and receives 8 hours additional pay for the holiday?
A.$562.50
B.$662.50
C.$693.75
D.$743.75 - (Correct Answer) - C.$693.75
Which of the following statements about a sole proprietorship is TRUE?
A. The business, or any part of it, can be sold, altered, or exchanged at will.
B. The business will survive the death of the owner.
C. It provides the owner with limited liability for debts and actions of the business
,[Type here]
D. The business is not subject to Federal income tax. - (Correct Answer) - A.The business, or any
part of it, can be sold, altered, or exchanged at will.
What is the name of the process when a facilitator meets with the major participants in a project,
prior to the commencement of the project, to identify the shared goals of all participants?
A. Partnering
B. Arbitration
C. Mediation
D. Claims resolution - (Correct Answer) - A.Partnering
How much is an employer who withheld employee Medicare and Social Security taxes or $765
REQUIRED to send to the IRS?
A. $145
B. $620
C. $765
,[Type here]
D. $1,530 - (Correct Answer) - D.$1530
Records of an employee's exposure to hazardous materials MUST be kept a MINIMUM of how
many years?
A. 3 years
B. 7 years
C. 15 years
D. 30 years - (Correct Answer) - D.30 years
What can be determined by summing the project activities into an overall schedule?
A. The total resource demand for a project at any given time.
B.The total amount that the company will earn from the job.
C.The total insurance needs of the company.
, [Type here]
D.The total man-hours needed for all projects. - (Correct Answer) - A.The total resource demand
for a project at any given time.
What MUST be done with the taxes withheld by an employer between the time that they are
withheld and the time that they are sent to the IRS?
A. The taxes can be kept in the general company account.
B. The taxes must be kept in a savings account.
C. The taxes must be held in a separate account and not used for anything else.
D. The taxes can be used to temporarily pay the company's expenses. - (Correct Answer) - C.The
taxes must be held in a separate account and not used for anything else.
Costs that relate to construction but are not directly associated with labor and materials for a
specific project are considered to be which of the following?
A. overhead burden
