MHIC FINAL EXAM ACTUAL QUESTIONS WITH

MHIC FINAL EXAM (ACTUAL / ) | QUESTIONS WITH

ANSWERS GRADED A+

Which of the following does a city or county not have authority to do?

• We're trying a Home improvement company to get a license

of the locality.

• Requiring compliance with local quality standards.
• Requiring permits before project is begun.
• Requiring plans and specifications.
• We're trying a Home improvement company to get a license

of the locality.

A homeowner initiates a court act against a contractor for losses and at the same time files a claim with the Home improvement guarantee fund for the same losses, the

commission must:

• hold a hearing within 10 days
• hold a hearing prior to the start of the court action
• Suspend all actions until the court proceeds are finalized
• Order a emergency suspension of the contractors license

C.Suspend all actions until the court proceedings are finalized.

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A sales person sold a $5000 Home improvement contract two contractors did the work the salesperson charged both contractors 5% of the contract price. How much did the sales person make?

A. $250

B. $5000

• $500 because there are two contractors
• Zero dollars because a sales person cannot represent two

contractors in a given contract.

A.$250

Who is responsible for providing safety training to workers at a job site?A the property owner..

• The general contractor.
• The responsible local building authority.
• None of the above.

B.the general contractor.

Which of the following payroll practices is optional under both federal and Maryland laws?A Federal state and local taxes withholding.. 2 / 4

B.Severance Pay when terminating an employee due to lack of work.

• Overtime pay for hours worked beyond the first 40 hours.
• Records of total work hours and paid wages.

B.Severance Pay when terminating an employee due to lack of work.

A contractor pays their office employees a 0.20 commission for each $100 they generate and a 0.10 commission to their labor employees for each $100 they generate if in one year their employees generate $125,000 and their labor employees generate $25,000. What is the total amount the contractor will pay in commissions at the end of the year?

• Between $200 and $400
• Between $400 and $600
• Between $600 and $800
• More than $800
• Between $200 and $400

Overhead percentage generally average between:

A.1% and 3% B.0 and 5%

• 5 and 20%
• 20 and 30% 3 / 4

• 5 and 20%

Which of the following forms must a new employer used to open a Maryland unemployment insurance account?

• The Combined registration form
• Form 940
• Form W-2
• The application for identification number
• The combined registration form

Which of the following could be considered wages?

• Bonuses.
• Commissions.
• Room and board
• All of the above.
• All of the above.

A sales person for a contractor did a sales pitch in Spanish at the home owners property. The sales person provides a contract with very specific terms in English to the homeowner which of the following statements is true about the contract?

• It is most likely to be legal.
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