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CONTRACTORS STATE LICENSE EXAM QUESTIONS AND ANSWERS #13
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CONTRACTORS STATE LICENSE EXAM QUESTIONS AND ANSWERS #13
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CONTRACTORS STATE LICENSE EXAM QUESTIONS ANDANSWERS #13
Who do employers pay FUTA tax? - correct answer IRS
A subcontractor must file a mechanics lien with the - correct answer county recorder
A balance sheet shows - correct answer assets, liabilities, at a certain point in time
Solvency ratios are concerned with - correct answer paying ongoing debts
What financial rations measure liquidity - correct answer current ratio and quick ration
Quick ratio is also known as - correct answer acid test
Accounts Receivable is - correct answer the balance of money due from customers
A stop notice should be filed on a - correct answer public works project
Revenue and expenses over an extended period of time is on a - correct answer
income statement
A contractor is required to report a construction related civil court judgement to CSLB
within - correct answer 90 days
The definition of fixed expense is - correct answer any expense that does not change
from period to period
What is an example of a fixed expense? - correct answer Overhead, and office rental
In most construction contracts the retention may be held for up to - correct answer 60
days
How often are FUTA tax deposits made by most employers - correct answer quarterly
Difference between current assets and current liabilities - correct answer networking
capital
Board of Equalization collects - correct answer state sales tax
What form summarizes revenue, operating expenses and costs of sales for a period of
time - correct answer income statement
Who may qualify for more than one active contractor's license - correct answer sole
proprietor or RMO with 20% ownership
, State disability insurance is paid by - correct answer employees only
Which agency is responsible for promoting the well being of workers in CA - correct
answer Department of Industrial Relations
State disability and income taxes are - correct answer reported and paid quarterly
A contractor's personal income tax should be sent to which office? - correct answer
Franchise tax board
Dividing watts by amps gives you - correct answer volts (WAV)
UMC is what - correct answer uniform machanical code
UPC is what - correct answer Uniform plumbing code
SBC is what - correct answer Standard building contract
DOSH is what - correct answer Division of occupational safety and health
UBC is what - correct answer Uniform Building Code
Power load equals what - correct answer watts
An anmeter is used in ________with a _________ circuit - correct answer series,
energized
Tolerance on longitudinal rebar when bar is bent at both ends is what - correct answer
plus or minus "1/2" inch
In general, an asphalt shingle should have a weather exposure of - correct answer 5
inches
Dividing volts by amps gives you - correct answer ohms
What is the tolerance on a longitudinal placement of rebar in a slab - correct answer
plus or minus 2 inches
What is the weather exposure for 3-ply #15 roofing - correct answer 11 1/3 inch
Maximum weather exposure for 18 inch wood shingles is - correct answer 4-6 inches
If the width of a door that swings away from a landing on a ramp is 36", what minimum
length is required - correct answer 60 inches
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