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Law and Order extra

Extra Material

QuestionAnswer
What is the relationship between a w-4 and a w-2 w-4 is for the employee to give to employer, w-2 reports the amount withheld by the employer
What is a bid bond? Ensures bidder will follow through if awarded with job
How often (at least) must an employer make payroll twice a month
Labor performed in the 2nd half of the month must be payed by the 10th of the following month
Tax returns for the quarter are due when? by the end of the following month
FICA (or Social Security) is short for Federal Insurance Contribution Act
How long from recording a Lien do you have to file a lawsuit 90 days
After hiring an employee in the state of California how long do you have to contact EDD 20 days
How soon MUST sub-contractors be paid after receiving a progress payment 10 days
To whom are Mechanic Liens filed with County Recorders Office
What does the SBA stand for? Small Business Assocation
Define Working Capital Current Assets – Current Liabilities
Define Capitalization The Value of a company, calculated by multiplying current share price by outstanding shares
What is the Penalty that may be assessed for not making timely payroll tax 2%-100%
How many days do you have to correct an Unauthorized deviation from building standards 90 days
How often must an employer Deposit employee's tax withholdings Monthly
Withholdings for FUTA cease after the employee has earned ________ $7,000
The clause that requires the Contractor/Sub-Contractor to be bound by the same obligations is called the Flow-Down Clause
The Reciprocal Classifications List states that California Licenses are recognized in which states? Arizona, Nevada, and Utah
By what date must employers provide w-2's to there employees? By January 31st
What is "privity of Contract"? A Doctrine stating that only the parties involved in a contract are obligated to the contract
Americans w/ Disabilities Act affects all companies with _____ employees or more 15
CSLB requires construction records to be kept for 5 years
Created by: yobryan2009
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