TEXAS AUCTIONEER LICENSE EXAM 2024/2025 NEWEST!!
ACTUAL COMPLETE 200 REAL EXAM QUESTIONS WITH
CORRECT DETAILED ANSWERS ( VERIFIEDA ANSWERS)
ALREADY GRADED A+
Business law defines a "person"as
_________________________________________. - ANSWER -an
individual, partnership, corporation, association, or other group,
however organized
What is a maquiladora enterprise? - ANSWER -a business entity
chartered by the government of the United Mexican States and
authorized by that government to make duty-free
imports of raw materials, component parts, or other property into
Mexico to be used in manufacturing, processing, or assembling
items by the business entity in Mexico primarily for export from
Mexico.
Can alcoholic beverages be auctioned? - ANSWER -Yes, with a
temporary permit for up to 5 days as long as it is a fundraiser/benefit
auction and located off his business premises. The beverages must
be donated and cannot be solicited by the auctioneer. No taxes can
be owed on the beverages.
, True or False. Livestock sold at auction must be transferred with a
written transfer or
written bill of sale. - ANSWER -True. Range livestock can be sold as
long as a bill of
sale is recorded in public record with
defining marks.
Who must have a sales tax permit? - ANSWER -Any seller with a few
exceptions, real
estate sales being one
exception.
Sellers with less than ________________(dollars) in sales per year
may file annually. -
ANSWER -
$1000
Sellers with sales more than $1000 and up to
________________(dollars) per year
may file quarterly. - ANSWER -$1500; all over $1500 must
file monthly.
Filers who file sales tax on time are given a _________(%) discount. -
ANSWER -.5%
ACTUAL COMPLETE 200 REAL EXAM QUESTIONS WITH
CORRECT DETAILED ANSWERS ( VERIFIEDA ANSWERS)
ALREADY GRADED A+
Business law defines a "person"as
_________________________________________. - ANSWER -an
individual, partnership, corporation, association, or other group,
however organized
What is a maquiladora enterprise? - ANSWER -a business entity
chartered by the government of the United Mexican States and
authorized by that government to make duty-free
imports of raw materials, component parts, or other property into
Mexico to be used in manufacturing, processing, or assembling
items by the business entity in Mexico primarily for export from
Mexico.
Can alcoholic beverages be auctioned? - ANSWER -Yes, with a
temporary permit for up to 5 days as long as it is a fundraiser/benefit
auction and located off his business premises. The beverages must
be donated and cannot be solicited by the auctioneer. No taxes can
be owed on the beverages.
, True or False. Livestock sold at auction must be transferred with a
written transfer or
written bill of sale. - ANSWER -True. Range livestock can be sold as
long as a bill of
sale is recorded in public record with
defining marks.
Who must have a sales tax permit? - ANSWER -Any seller with a few
exceptions, real
estate sales being one
exception.
Sellers with less than ________________(dollars) in sales per year
may file annually. -
ANSWER -
$1000
Sellers with sales more than $1000 and up to
________________(dollars) per year
may file quarterly. - ANSWER -$1500; all over $1500 must
file monthly.
Filers who file sales tax on time are given a _________(%) discount. -
ANSWER -.5%
