Contractors business law - Study guides, Class notes & Summaries

CA Contractors License Test Questions Business and Law Qs&As Review Exam How much time does a contractor have to renew his license after the expiration date without retaking the exam? - ANS-5 year When you collect sales tax from your customer for goods, which agency do you report and pay sales tax collected? - ANS-State board of equalization Sales tax is a state tax. State income taxes are payable to the franchise tax board. IRS only collects federal taxes How long is the contractor li...

Contractors Business Law Exam questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating

Well-structured LML4804 PORTFOLIO (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!)..... QUESTION 1 (TAX ADMINISTRATION AND TAX AVOIDANCE) The Tax Administration Act 28 of 2011 (TAA) empowers the Commissioner for the South African Revenue Service (the Commissioner) to conduct audits on taxpayers. The Commissioner has, over the years, announced that the South African Revenue Service (SARS) will conduct audits on all taxpayers that enjoy a certain lif...

An employer remits State disability taxes withheld from an employees wages to what agency? correct answersEmployment Development Department Which act establishes the rights of workers to organize into unions and negotiate contracts? correct answersNational Labor Relations Act of 1935 A contractor has had a problem with employees stealing tools and equipment from job sites. When conducting job interviews, may the contractor ask prospective employees about their arrest records? A. It is...

How much time does a contractor have to renew his license after the expiration date without retaking the exam? : 5 year When you collect sales tax from your customer for goods, which agency do you report and pay sales tax collected? : State board of equalization Sales tax is a state tax. State income taxes are payable to the franchise tax board. IRS only collects federal taxes How long is the contractor liable for patent or visible defects? : 4 years How long is the contractorr liab...

If an employer's Federal Payroll Tax liability is $1000 how may they pay taxes? (Ans- quarterly How many employees does it take for the Fair Labor Act to be applied? (Ans- 1 What accounting method records income when the service occurs and expense when they are incurred? (Ans- Accrual Method What do the General Conditions of a contract do? (Ans- Outline roles of the owner, architect, and engineer. You are purchasing an insurance policy with a monthly premium of $300. If you im...

True/False: The Arkansas Auctioneers Licensing Board is appointed by vote of the Arkansas General Assembly Correct Answer False - The governor shall appoint the members of the Board All auctioneer licenses expire: Correct Answer June 30th True/False: The Arkansas Auctioneers Licensing Board has the final decision in the suspension or revocation of an auctioneer's license. Correct Answer False - The Auctioneers License Act indicates the "Board shall be subject to the Arkansas Administrati...

An employer remits State disability taxes withheld from an employees wages to what agency? - Answer Employment Development Department Which act establishes the rights of workers to organize into unions and negotiate contracts? - Answer National Labor Relations Act of 1935 A contractor has had a problem with employees stealing tools and equipment from job sites. When conducting job interviews, may the contractor ask prospective employees about their arrest records? A. It is legal to a...

CA Contractors license test questions Business and Law | Comprehensive Questions and Answers Latest Updated 2024/2025 With 100% Verified Solutions

What are 4 major loss exposures covered by CGL Form? LO1 1. Premises Liability (slip and fall due to water on the floor) 2. Operations Liability (Tree trimmer causes damage to power lines by removing fallen limbs) 3. Product Liability (ladder collapses when being used as intended) 4. Completed Operations A contractor installs a hot water heater and leaves the home, 2 days later, water overflows onto the floor causing damage because the hot water heater was improperly installed. ...