CSLB Practice Test Questions with accurate answers, 100% Accurate. Latest update

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CSLB Practice Test Questions with accurate answers, 100% Accurate. Latest update The costs of running your business, including office expenses, etc., is called: a. Direct Costs b. Overhead c. ... A liability d. Accrual - ✔✔b. Overhead Which government agency collects State Unemployment Tax? a. Employment Development Department b. County Unemployment Office c. Franchise Tax Board d. Internal Revenue Service - ✔✔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 - ✔✔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. - ✔✔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 - ✔✔a. 10-days after Prime-contractor received payment The Contractor's Surety Bond is necessary for most contractors to obtain their license. This bond is in the amount of: a. $2,500 b. $7,000 c. $15,000 d. $25,000 - ✔✔c. $15,000 How long with the CSLB hold a contractor responsible for observable defects? a. 5-years b. 4-years c. 3-years d. 2-years - ✔✔b. 4-years In which of the following circumstances must a licensed contractor provide their license number? a. On all contracts b. On all advertising c. On all "20-day Preliminary Notices" d. All of the above - ✔✔d. All of the above How many classifications can a Responsible Managing Employee apply for? a. One b. Two c. None d. As many as the RME can qualify for - ✔✔d. As many as the RME can qualify for If a contractor includes a provision in a contract for the use of private arbitration and a dispute between the owner and the contractor makes arbitration necessary, who will bear the cost of the private arbitration? a. The California Contractor's License Board b. The property owner c. The prime contractor d. The property owner and the prime contractor will split the cost of the private arbitration - ✔✔d. The property owner and the prime contractor will split the cost of the private arbitration State Disability Insurance is paid by: a. Employees only b. Employers only c. Both employers and employees d. Neither employers nor employees - ✔✔a. Employees only A contractor estimates labor and materials costs for a job to be $2,500.00. Allowing for 15% overhead and 18% profit, what should the total bid be? a. $3,222.00 b. $3,731.00 c. $3,018.00 d. $3,825.00 - ✔✔b. $3,731.00 Who is responsible for determining when the project is complete? a. The prime contractor b. The building inspector c. The subcontractor d. The owner or his/her agent - ✔✔d. The owner or his/her agent Which of the following need a California Contractor's License [Show More]

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