These are original practice questions written to match the six official content areas — not leaked exam items. Each shows the answer, why it's right, and where to look it up in your open-book references.
Establishing the Contracting Business
Q. In Florida, a contractor holding a "certified" license may perform work:
Answer: Anywhere in the state. A certified contractor is licensed by the state and may contract throughout Florida; a "registered" contractor is limited to the local jurisdiction(s) where competency was established. (Look it up: FS 489.105 / 489.117.)
Managing Administrative Duties
Q. A lienor not in privity with the owner must serve a Notice to Owner within how many days of first furnishing labor or materials?
Answer: 45 days. A Claim of Lien must then be recorded within 90 days of last furnishing, and the lien enforced within 1 year. (Look it up: FS Chapter 713.)
Conducting Accounting Functions
Q. With current assets of $150,000 and current liabilities of $100,000, what is the current ratio?
Answer: 1.5. Current ratio = current assets ÷ current liabilities = 150,000 ÷ 100,000 = 1.5. (Look it up: Builder's Guide to Accounting, financial ratios.)
Complying with Government Regulations
Q. A work-related fatality must be reported to OSHA within:
Answer: 8 hours. In-patient hospitalizations, amputations, and losses of an eye must be reported within 24 hours. (Look it up: Florida Contractor's Manual, OSHA.)
Managing Administrative Duties (payroll taxes)
Q. The employer's share of the Social Security (OASDI) portion of FICA is:
Answer: 6.2%. Plus 1.45% for Medicare (no wage cap). FUTA is 6.0% on the first $7,000, usually netting 0.6% after the state credit. (Look it up: IRS Circular E.)
Notice the pattern: every answer has a home in a specific reference book. On the real open-book exam, knowing where to look is half the battle — practice it in the Open-Book Finder.
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The full bank has 120 questions across all six content areas, each with an explanation and a reference pointer, plus a timed 120-question simulation. The first 5 are free in the practice quiz.
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