CSLB Practice Test| 40 QUESTIONS| ANSWERS 100% CORRECT

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The costs of running your business, including office expenses, etc., is called: a. Direct Costs b. Overhead c. A liability d. Accrual Correct Answer: b. Overhead Which government agency coll ... ects State Unemployment Tax? a. Employment Development Department b. County Unemployment Office c. Franchise Tax Board d. Internal Revenue Service Correct Answer: a. Employment Development Department Who does not need a California Contractor's State License? a. Someone who repairs or maintains an air-conditioning unit or heat-pump unit. b. Someone who installs mobile-homes c. Someone who digs wells on the property of others d. Sale or installation of finished products that do not become a fixed part of the structure Correct Answer: d. Sale or installation of finished products that do not become a fixed part of the structure Which of the following is not part of a Home-Improvement Contract? a. Mechanic's Lien Warning b. Notice of Cancellation c. Twenty-Day Preliminary Notice d. All of the above. Correct Answer: c. Twenty-Day Preliminary Notice Prime Contractor must pay subcontractor when? a. 10-days after Prime-contractor received payment b. When Prime-contractor receives withheld retention monies c. 30-days after completion d. As soon as subcontractor completes the work Correct Answer: a. 10-days after Prime-contractor received payment [Show More]

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