Florida Contractors Manual New Latest Versions with All Questions from Actual Exams and 1, Exams of Nursing

Download Florida Contractors Manual New Latest Versions with All Questions from Actual Exams and 1 and more Exams Nursing in PDF only on Docsity! Florida Contractors Manual New Latest Versions with All Questions from Actual Exams and 100% Correct Answers A properly registered fictitious name is valid for ________________ A. 1 year B. 2 years C. 3 years D. 5 years - ANSWER>> D. 5 years 1-15 Which of the following would have jurisdiction over dredging or excavation of navigable waters and wetlands? A. U.S. Dept. of the Interior B. Florida Dept. of State C. Florida Dept.of Transportation D. U.S Army Corps of Engineers - ANSWER>> D. U.S Army Corps of Engineers 1-16 The name of the form which is used to apply for sales tax is? A. W2 B. DR-1 C. S1 D. W4 - ANSWER>> B. DR-1 1-21 Which of the following is NOT true about a fictitious name registration? A. Valid for 5 years. B. The fictitious name must be advertised at least one time. C. If a change of ownership occurs, the owner(s) of record must file a cancellation and registration within 45 days of filing, D. Fictitious name registration must be renewed between July 1 and December 31 in the expiration year. - ANSWER>> C. If a change of ownership occurs, the owner(s) of record must file a cancellation and registration within 45 days of filing, 1-15 Three partners, Noah, Evan & Steven form a partnership. Noah invests $30,000; Steven invests $20,000 and Evan invests $15,000. In addition, Noah performs specific management functions for which he is paid $5,000 from the partnership proceeds. If the partnership earns $244,000, how much will Noah receive? A. Less than $70,000 B. Between $70,000 -$90,000 C. Between $90,000-$110,000 D. More than $110,000 - ANSWER>> D. More than $110,000 1-12 Unlicensed practice of a profession is punishable by an administrative penalty not to exceed _______. A. $500 B. $1,000 C. $5,000 D. $12,500 - ANSWER>> C. $5,000 455.228(1) Which of the following applies to a qualifying agent of corporation? a. He is only qualified to act for the business during normal working hours b. He is qualified to act for the corporation in all matters connected with its construction business c. He does have authority to supervise in all areas of the company's business d. None of the above - ANSWER>> b. He is qualified to act for the corporation in all matters connected with its construction business 489.119 If a contractor is disciplined by the board and is the qualifying agent for a business organization and the violation was performed in connection with a construction project undertaken by that business organization, the board may impose an additional administrative fine not to exceed___________ against the business organization or against any partner, officer, director, trustee, or member if such person participated in the violation or knew or should have known of the violation and failed to take corrective action. a. $500 b. $1,000 c. $2,500 d. $5,000 - ANSWER>> d. $5,000 489.129 Failure of a licensee to renew before a license expires shall cause the license to become _________. a. delinquent b. inactive c. void d. inactive until payment of a late fee and completion an additional 4 hours of continuing education - ANSWER>> a. delinquent 455.271(5) The $5.00 fee imposed upon initial licensure and subsequent renewals is used ____________________. a. to cover administrative costs b. to offset inflation and increased salaries c. to combat unlicensed activity d. as a fee to help fund investigative background checks - ANSWER>> c. to combat unlicensed activity 455.2281 An active certified residential contractor is eligible to take the general contactors' examination if he possesses a minimum of years of proven experience in the classification in which he is certified. a. 1 b. 2 c. 3 d. 4 - ANSWER>> d. 4 489.111 If an incomplete contract exists at the time of death of a contractor, the contract may be completed by any person, though not certified or registered, with the board's approval. That person must notify the board within ____ days after the death of the contractor, of his/her name and address. a. 15 days b. 30 days c. 45 days d. 60 days - ANSWER>> b. 30 days 489.121 An active certified air-conditioning Class B contractor is eligible to take the air-conditioning Class A contactors' examination if Under the completed contract method, the contractor may realize the profit: a. When the bid is accepted by the owner b. When the contract is 50% complete c. When the project is nearly complete d. When the owner signs off on the final release - ANSWER>> c. When the project is nearly complete 3-80 Records of employment taxes should be kept for IRS review for at least . a. 4 years b. 3 years c. 7 years d. They do not need to be kept - ANSWER>> a. 4 years 2012 -Circular E-Page 4 Which of the following is the type of contract which provides payments to the contractor on the basis of direct labor hours at fixed hourly rates and which may include the cost of materials or other specified costs? A. Unit price B. Cost plus C. Time and material D. Fixed price - ANSWER>> C. Time and material Pg. 3-79 According to the Contractor's Manual in the completed contracts method of accounting, a contract should be considered complete, if it has reached what percentage or more? A. 100% B. 98% C. 97% D. 95% - ANSWER>> B. 98% Pg. 3-80 According to the Circular E, which of the following is the form used to claim credit for over payments? A. 940 B. 941 C. 944 D. B or C - ANSWER>> D. B or C Circular E, Pg. 26 What is the filing deadline for a payroll tax return for the 2nd quarter for an employer who has deposited all taxes on time? A. July 1st B. July 31st C. August 1st D. August 10th - ANSWER>> D. August 10th Circular-E Pg. 7 What is the FUTA tax rate for a Florida Company claiming full credit for the Florida Unemployment Compensation Tax? a. 8% b. 08 c. 6% d. 08% - ANSWER>> c. 6% 2012 Circular E-29 Which of the following is NOT a correct expression of the relationship between owner's equity, totalassets, and total liabilities? A Assets = Liabilities + Net Worth B. Net Worth= Assets -Liabilities C. Owner's Equity + Liabilities = Assets D. Liabilities -Net Worth = Assets - ANSWER>> C. Owner's Equity + Liabilities = Assets What is the "look back" period for determining the deposit schedule for taxes? A Last 1 quarter B. Last 2 quarters C. Last 3 quarters D. Last 4 quarters - ANSWER>> C. Compiled D. Audited - ANSWER>> D. Audited 4-16 What is the maximum bond amount for a SBA guaranty program? A. $2,000,000 B. $1,500,000 C. $1,250,000 D. $1,000,000 - ANSWER>> A. $2,000,000 4-18 Under a performance bond on a subcontract, any suit must be instituted within _____ year(s) of the date of substantial completion. A. 1 B. 2 C. 3 D. 4 - ANSWER>> B. 2 4-36 You have purchased $120,000 worth of builder's risk (property) insurance on a building worth $200,000 with an 80% co- insurance clause. A fire loss causes $20,000. Disregarding any deductible, what amount will the insurance company pay? A. $20,000 B. $15,000 C. $12,000 D. $19,000 - ANSWER>> B. $15,000 4-16 $15,000 -Percentage Insured= $120,000/200,000 = 60.00% Payment -60/80 x $20,000 = $15,000.00 Your company is assessing its bonding capacity. You have $100,000 Cash in the bank, $32,000 in Accounts Receivable and $450,000 in Accrued Earned Income Receivable. Your bookkeeper states you also have $450,000 in Current Liabilities. What would be your likely maximum bond limit? A $1,000,000 B. $320,000 C. $1,320,000 D. $5,820,000 - ANSWER>> C. $1,320,000 4-17 $1,320,000 (Net quick times 10)-($100,000 + $32,000) X 10 A laborer begins employment with your company in September of 1990. He quits in July of 1991. The I-9 form must be retained as a record until which of the following dates? A. September 1991 B. September 1992 C. September 1993 D. September 1994 - ANSWER>> C. September 1993 5-58 Failure to file timely Florida Unemployment Compensation Reports will result in a penalty charge of_ _ per month or fraction of month that the report is delinquent. A $25 B. $50 C. $75 D. $100 - ANSWER>> A $25 5-271 According to the American's with Disabilities Act, pre- employment medical examinations are: A. mandatory B. Unlimited. C. Required. D. Prohibited - ANSWER>> A. mandatory 5-42 According to the Federal Rehabilitation Act of 1973, an aggrieved party must file a complaint of disability discrimination with the Office of Federal Contract Compliance Programs within _____days of the alleged discriminatory act. A. 7 B. 300 C. The LATER of A or B D. The EARLIER of A or B - ANSWER>> D. The EARLIER of A or B 5-37 A contractor who knowingly makes false statements and does not comply with The Florida Worker's Compensation Law, may, upon conviction, be punished by a fine of not more than_____or by imprisonment for not more than ________. A. $500.00 -1 year B. $1,000.00 -1 year C. $1,000.00 -3 years D. $5,000.00 -5 years - ANSWER>> A. $500.00 -1 year 5-54 If you, as a contractor, sublet any part of your contract work to a sub-contractor who is not covered by Workers' Compensation and one of his employees is injured on the job __________________. A. The sub-contractor must pay from his personal funds. B. You are liable for 1/3 the required compensation. C. You are liable for payment of compensation to that employee. D. The employee can receive no compensation. - ANSWER>> C. You are liable for payment of compensation to that employee. 440.10 (1)(b) An installment of Workers' Compensation payable without an award is due on July 1st, but payment is delayed until July 10th. An additional _________should be added to the payment. a. 12%, $5.00 min. b. 20% c. 10% d. A and B - ANSWER>> d. A and B 440.20 An employee refuses to observe safety rules and use safety equipment His Workers' Compensation _________. a. Will not be affected b. Will be reduced 25% c. Will be reduced 50% d. Will not be paid, because he contributes to an accident - ANSWER>> b. Will be reduced 25% 440.09 In case of temporary partial disability, compensation shall be equal to 80 percent of the difference between _____________of the employee's average weekly wage and the pay the employee is able to earn. a. 90 percent b. 80 percent c. 20 percent d. 50 percent - ANSWER>> b. 80 percent 440.15 An employer who has secured compensation under the provisions of this chapter shall ___________. a. Keep posted in a conspicuous place printed notices stating that the employer has secured the payment of compensation. b. Deliver a typed or printed certificate of insurance to each employee. c. Maintain proof of compensation insurance in an insurance compensation file. d. Does not need to provide any of the above - ANSWER>> a. Keep posted in a conspicuous place printed notices stating that the employer has secured the payment of compensation. 440.40 No compensation shall be payable if an injury was caused primarily by___________________. a. Intoxication of the employee. b. The employee being under the influence of a narcotic. c. By the willful intention of the employee to the injure or kill himself d. All of the above. - ANSWER>> d. All of the above. 440.09 Except as provided in section 440.12 (1) and 440.14 (3), a total but temporary disability payment shall not be made longer than ____________weeks. a. religious establishments b. general contractor with one employee c. landscape contractors D equipment rental businesses - ANSWER>> a. religious establishments 7-7 What is the safe working load of 3/8" nylon rope? a. 360 lbs. b. 410 lbs. c. 490 lbs. d. 540 lbs. - ANSWER>> d. 540 lbs. 7-56 Contractors Manual Square the numerator and multiply by 60. 3 x 3 = 9. 9 x 60 = 540 lbs. Note that '60' above, is the multiplier for Nylon, per chart on pg. Manilla rope is twisted in a ________ direction a. right hand b. left hand c. patterned d. torqued - ANSWER>> a. right hand 7-50 OSHA regulations require that injury and illness records be retained in each establishment for ___________ calendar year(s) following the end of the year to which they relate. a. 1 b. 3 c. 5 d. 7 - ANSWER>> D - 7 7-16 An employer with 40 employees is cited by OSHA for a high severity, greater probability violation. The employer has had one other citation in the last 3 years. Using ONLY the information given, what would be the proposed penalty for this violation? a. $5,000 b. $8,730 c. $10,907 d. $11,224 - ANSWER>> B $8,730 7-32 (high severity, greater probability = base penalty of $12,471) (adjustment factor = -30% for 26 to 100 workers) Note: there is no 10% reduction for good past history because there was one other violation in the last 3 years Solution: $12,471 x .70 (100% -30%) = $8,730 proposed penalty What does OSHA stand for? A. Outdoors Safety and Hygiene Administration B. Occupational Safety and Health Association C. Occupational Safety and Health Act D. Occupational Services for the Handicapped Act - ANSWER>> C. Occupational Safety and Health Act 7-3 According to the CM and OSHA, you must report the accidents resulting in more than 3 serious injuries within ___________ after learning of the incident. A. 24 hours B. 72 hours C. 8hours D. No more than 5 days - ANSWER>> C. 8hours 7-28 According to the CM and OSHA, OSHA records for employees who report to a fixed location but work elsewhere should be kept at__________. A. Main office of the company B. Office where they are paid C. At the place where the employees report every day D. None of the above - ANSWER>> C. At the place where the employees report every day 7-15 C. The original contract price and the value of the change order plus loss of profits only. D. The original contract price and the value of the change order only. - ANSWER>> A. The original contract price and the value of the change order plus special damages, if any. 8-13 In order for a contractor to be assured he has the right to inspect and cure an alleged defect in construction, the contract must contain which of the following clauses in BOLD FACED TYPE? A. Ch. 489 Notice of Claim B. Ch. 455 Notice of Claim C. Ch. 558 Notice of Claim D. Ch. 713 Notice of Claim - ANSWER>> C. Ch. 558 Notice of Claim 8-17 According to the Florida Contractors Manual, Which of the following are not one of the three essential items of a construction contract? A. what is to be performed or built B. when it will be built C. how much and when payment will be made D. name of consumer - ANSWER>> D. name of consumer 8-6 Which of the following contracts puts the contractor at the biggest risk A. Cost plus B. ConstructionManagement C. Fixed price D. Design/Build - ANSWER>> C. Fixed price 8-7 Which of the following is true about punitive damages. A. Punitive damages not costly to litigate B. Punitive damages are not in accordance with FS 455 C. Punitive damages are not recoverable for a breach of contract D. Both B & C - ANSWER>> C. Punitive damages are not recoverable for a breach of contract 8-25 The statutes of limitations of a construction contract are _________ years. A. 2 B. 3 C. 4 D. 5 - ANSWER>> D. 5 8-23 A not in Privity subcontractor filed a notice to owner on February 2nd, on a job that he had begun on February 1st. If this subcontractor files a lien on April 3rd, how many days would he have to enforce the lien once the court clerk had certified and served a contest of lien? a. 30 b. 45 c. 60 d. 365 - ANSWER>> c. 60 9-30 Which of the following is not an implied term? A. Payment will be made at the conclusion of the work B. Lien rights may be waived in advance of performing the work C. The contractor must furnish a contractor's final affidavit addressing payment to subcontractors and suppliers before being entitled to final payment. D. No party will interfere with or hinder the performance of any other party, but will cooperate in good faith - ANSWER>> B. Lien rights may be waived in advance of performing the work 8-9 Which document is filed as part of the permit process that lists the owner contact information and establishes the legal parameters for subcontractor claims against the project? A. Notice to Owner If a construction job is worth more than $2,500, and there is a construction loan covering the work, which is responsible for posting a copy of the notice of commencement at the job site? a. The contractor b. The lending institution c. The owner (CM 9-11) d. A or C - ANSWER>> c. The owner (CM 9-11) 9-11 After signing an AIA 401 contract, a subcontractor who was not in privity began working on a project. The official start date of the subcontractor's work was February 20, 2006. The notice of commencement was filed on January 2, 2006. If the subcontractor is forced to file a lien in accordance withF.S. 713, how many days after filing the lien does he have to notify the owner of his action? a. 3 b. 15 c. 45 d. 90 - ANSWER>> b. 15 9-29 What type of bond is not defined by any statutes? a. Performance Statutory bonds b. Common Law bonds c. Bonds d. Liability bonds - ANSWER>> b. Common Law bonds 9-49