Pass the CSLB Law & Business Exam — Business Finances Explained | Estimating, Taxes, POC (2026)

▶ Free practice questions — no signup, explanation on every one: https://www.preppass.org/en/cslb?utm_... 📘 CSLB Law & Business Study Guide — $24.99 (PDF + EPUB): https://www.preppass.org/en/cslb/book... ⏱ Free full-length timed mock exam: https://www.preppass.org/en/cslb/prac... ───────────────────────────── A complete, plain-English lesson on Business Finances — the third-largest section of the California CSLB Law & Business exam, about 15% of the questions — taught with the current 2026 numbers the old prep books get wrong. This section rewards the candidate who WORKS the arithmetic out loud, not the one who only reads it. Part 2 of the free 7-part CSLB Law & Business video course. What you'll learn: • Markup vs. margin — why a 20% markup is only a 16.7% margin, and price = cost ÷ (1 − margin) • Sorting every cost into direct, overhead, or G&A (and why gross profit is not net profit) • Break-even, straight-line depreciation, job costing, and the two financial statements • Liquidity: current ratio, quick ratio (excludes inventory), and working capital • Federal payroll deposits — the $50k / $100k / $2,500 lookback rules (not headcount) • FICA vs. FUTA and California's EDD taxes — employer pays UI + ETT, worker funds SDI + PIT • EDD registration ($100 / 15 days), self-employment tax (15.3% × 92.35%), the 1099 $2,000 rule • Sales tax: materials on cost vs. fixtures on price, and the $800 state minimum • PACE financing, bonding capacity, retention deadlines (45/10 private, 60/7 public), and POC • 4 quick-check questions + a full numbers drill to lock it in ▶ Free practice questions & the full written study guide: search "PrepPass.org" Part of the free CSLB Law & Business video course → PrepPass.org/cslb/course Educational, exam-prep content — not legal, tax, or financial advice. Always confirm rules against the official CSLB Law Book and current California law. This is an independent study aid, not affiliated with or endorsed by the Contractors State License Board. #CSLB #contractorlicense #CSLBexam #lawandbusiness #contractorexam #californiacontractor