Florida Contractor License Business
and finance study guide 1
Workers' Comp insurance have to be supplied for all, EXCEPT a
Ref: FCM 6-7
Domestic worker
three multiple preference options
A registered contractor might also observe for " grandfathering " as a certified contractor
after _______ years of revel in.
Ref: FCM 2-14, 2-seventy six, 2-138
five
3 a couple of choice alternatives
When creating a marketing strategy to begin up a enterprise, it's far important to recognise
who and in which the _______ are.
Ref: Trade Knowledge
Competitors
3 multiple preference options
having received the list of subcontractors, the architect right away gadgets to the usage of
plumber X's organisation. The general contractor right away proposes using plumper Y's
employer at a better value of $5,000. What is the general contractor entitled to?
Ref: AIA A201 - five.2.3
$5,000 plus a proved time extension
3 multiple choice options
If considered one of your people is determined to be an worker and no longer an impartial
contractor, which of the subsequent may additionally the IRS decide you're at risk of pay?
Ref: FCM 2-24, 2-25
FICA and earnings tax
three more than one desire options
When looking at a marketing strategy and choosing what type of organization to form, a
partnership has which of the following risks?
Ref: FCM 1-10
,fringe benefits aren't usually tax deductible
three more than one desire alternatives
Assistance in figuring out assets of to be had enterprise financing may be received from the
Ref: BGA 318
Small business management
three more than one desire options
When comparing an offered process, it's far necessary with the intention to calculate all
expenses, including _______, to decide if it will likely be profitable.
Ref: Trade Knowledge / BGA 227
man-hours
three a couple of desire options
A builder hires a plumbing contractor to carry out the plumbing paintings on a new residential
residing. The plumbing contractor completes the work, however does not get hold of fee
from the builder. The plumbing contractor facts a claim of lien in the public records.
How plenty time after the declare of lien become recorded does he have to commence an
movement to put in force the construction lien?
Ref: FCM nine-31, 9-86
within 1 year
3 a couple of desire options
According to Florida Reemployment Assistance Program Law, reports MUST be submitted
FCM five-278, five-287, 5-288
Quarterly
3 a couple of desire options
What undesirable trait would be reveled while checking into an applicant's beyond?
Ref: Trade Knowledge
continual insurance
three a couple of preference alternatives
What entity issues or underwrites bonds
Ref: FCM 4-12 / Trade Knowledge
surety
three a couple of choice options
, A tool purchase is a variable overhead rate except it's far
Ref: BGA 143
high priced enough to be dealt with as an asset
three more than one desire options
When is it profitable to pay money owed payable early?
Ref: FCM three-67
when there is a profitable cut price for early price
three a couple of choice options
A machine for scheduling use of gadget could NOT need to encompass entries for
Ref: BGA 159, a hundred and sixty
depreciation price
three more than one desire alternatives
Based on the Architects evaluations of the Contractors Applications for Payment, the
_______ will review and certify the quantities due.
Ref: AIA A201 nine.Four.1
Architect
three a couple of choice options
The Public Whistle Blowers Act (Sec. 112.3187 FL STAT.) covers
Ref: FCM five-45
employees of contractors on government jobs
3 more than one desire alternatives
When furnishing a separate performance and separate price bond, a surety ought to
conceivably pay ________ quantity of both
Ref: FCM 4-14
the cumulative
three multiple desire options
The quality manner to satisfy your organisation's short time period desires is through
and finance study guide 1
Workers' Comp insurance have to be supplied for all, EXCEPT a
Ref: FCM 6-7
Domestic worker
three multiple preference options
A registered contractor might also observe for " grandfathering " as a certified contractor
after _______ years of revel in.
Ref: FCM 2-14, 2-seventy six, 2-138
five
3 a couple of choice alternatives
When creating a marketing strategy to begin up a enterprise, it's far important to recognise
who and in which the _______ are.
Ref: Trade Knowledge
Competitors
3 multiple preference options
having received the list of subcontractors, the architect right away gadgets to the usage of
plumber X's organisation. The general contractor right away proposes using plumper Y's
employer at a better value of $5,000. What is the general contractor entitled to?
Ref: AIA A201 - five.2.3
$5,000 plus a proved time extension
3 multiple choice options
If considered one of your people is determined to be an worker and no longer an impartial
contractor, which of the subsequent may additionally the IRS decide you're at risk of pay?
Ref: FCM 2-24, 2-25
FICA and earnings tax
three more than one desire options
When looking at a marketing strategy and choosing what type of organization to form, a
partnership has which of the following risks?
Ref: FCM 1-10
,fringe benefits aren't usually tax deductible
three more than one desire alternatives
Assistance in figuring out assets of to be had enterprise financing may be received from the
Ref: BGA 318
Small business management
three more than one desire options
When comparing an offered process, it's far necessary with the intention to calculate all
expenses, including _______, to decide if it will likely be profitable.
Ref: Trade Knowledge / BGA 227
man-hours
three a couple of desire options
A builder hires a plumbing contractor to carry out the plumbing paintings on a new residential
residing. The plumbing contractor completes the work, however does not get hold of fee
from the builder. The plumbing contractor facts a claim of lien in the public records.
How plenty time after the declare of lien become recorded does he have to commence an
movement to put in force the construction lien?
Ref: FCM nine-31, 9-86
within 1 year
3 a couple of desire options
According to Florida Reemployment Assistance Program Law, reports MUST be submitted
FCM five-278, five-287, 5-288
Quarterly
3 a couple of desire options
What undesirable trait would be reveled while checking into an applicant's beyond?
Ref: Trade Knowledge
continual insurance
three a couple of preference alternatives
What entity issues or underwrites bonds
Ref: FCM 4-12 / Trade Knowledge
surety
three a couple of choice options
, A tool purchase is a variable overhead rate except it's far
Ref: BGA 143
high priced enough to be dealt with as an asset
three more than one desire options
When is it profitable to pay money owed payable early?
Ref: FCM three-67
when there is a profitable cut price for early price
three a couple of choice options
A machine for scheduling use of gadget could NOT need to encompass entries for
Ref: BGA 159, a hundred and sixty
depreciation price
three more than one desire alternatives
Based on the Architects evaluations of the Contractors Applications for Payment, the
_______ will review and certify the quantities due.
Ref: AIA A201 nine.Four.1
Architect
three a couple of choice options
The Public Whistle Blowers Act (Sec. 112.3187 FL STAT.) covers
Ref: FCM five-45
employees of contractors on government jobs
3 more than one desire alternatives
When furnishing a separate performance and separate price bond, a surety ought to
conceivably pay ________ quantity of both
Ref: FCM 4-14
the cumulative
three multiple desire options
The quality manner to satisfy your organisation's short time period desires is through
