AFIP Test – Questions With Guaranteed Correct
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Terms in this set (117)
3 elements of a contract offer, acceptance, consideration
(B/G) in the English that if they want a Spanish B/G, they should ask for it
version, there is a
sentence in Spanish that
tells the customer what?
(B/G) if a sales transaction the B/G must also be in Spanish
is conducted in Spanish,
then what?
(B/G) if you're working in post both English & Spanish B/G to be readily visible
the Latino market, your
dealer should do what?
Buyers Guide lists 2 vehicle history & recall information
website - what are they
for?
(B/G) Complains after sale Name, Ph #, and title
section must include:
if using a 3rd party check the AS IS - NO DEALER WARRANTY box and
warranty, how do you fill then check the OTHER USED VEHICLE WARRANTY
out the B/G? APPLIES
FTC max penalty for $53,088
Buyer's Guides
, - actual cash
(IRS 8300) what is
- cashiers checks, travelers checks, money orders -
considered cash?
with face amt of $10k or less
(IRS 8300) what is single transaction = 12 month period
considered a single related transaction = 24 hours
transaction? what is
considereing a related
transaction?
- SSN = individuals/sole proprietorship
(IRS 8300) 3 types of TIN's
- ITIN = nonresident alien
and who they belong to
- EIN = corporations, partnerships, estates
- checkmark the 'suspicious' box
(IRS 8300) suspicious
- do not let customer know you are filing it
transactions, 3 key things
- not allowed to send a written notice
(IRS 8300) for non- DL #, passport #, and make photocopeis of them
resident aliens, you should
collect/record what?
- leave box blank
(IRS 8300) if a customer
- write in the COMMENTS box - 'customer refused to
refuses to provide SSN,
provide social', record DL #, and then tell customer to
you do what?
sign
(IRS 8300) Negligence $310 per return
penalty
(Gramm-Leach Bliley Act) Dealerships give privacy notices to every consumer
for the Privacy Notice... that comes into the store, whether they get financed
Dealership policy vs. what or not... law says you only have to give it to a
the law says to do... customer, somebody that actually bought something
For the Privacy Notice, by dealerships using privacy notices found on Form
how is safe harbor given Builder
to dealerships?
(Gramm-Leach Bliley Act) non-public information, anything not found online or
under the Safegaurds in a phonebook
Rule, what is NPI?
Solutions
Save
Terms in this set (117)
3 elements of a contract offer, acceptance, consideration
(B/G) in the English that if they want a Spanish B/G, they should ask for it
version, there is a
sentence in Spanish that
tells the customer what?
(B/G) if a sales transaction the B/G must also be in Spanish
is conducted in Spanish,
then what?
(B/G) if you're working in post both English & Spanish B/G to be readily visible
the Latino market, your
dealer should do what?
Buyers Guide lists 2 vehicle history & recall information
website - what are they
for?
(B/G) Complains after sale Name, Ph #, and title
section must include:
if using a 3rd party check the AS IS - NO DEALER WARRANTY box and
warranty, how do you fill then check the OTHER USED VEHICLE WARRANTY
out the B/G? APPLIES
FTC max penalty for $53,088
Buyer's Guides
, - actual cash
(IRS 8300) what is
- cashiers checks, travelers checks, money orders -
considered cash?
with face amt of $10k or less
(IRS 8300) what is single transaction = 12 month period
considered a single related transaction = 24 hours
transaction? what is
considereing a related
transaction?
- SSN = individuals/sole proprietorship
(IRS 8300) 3 types of TIN's
- ITIN = nonresident alien
and who they belong to
- EIN = corporations, partnerships, estates
- checkmark the 'suspicious' box
(IRS 8300) suspicious
- do not let customer know you are filing it
transactions, 3 key things
- not allowed to send a written notice
(IRS 8300) for non- DL #, passport #, and make photocopeis of them
resident aliens, you should
collect/record what?
- leave box blank
(IRS 8300) if a customer
- write in the COMMENTS box - 'customer refused to
refuses to provide SSN,
provide social', record DL #, and then tell customer to
you do what?
sign
(IRS 8300) Negligence $310 per return
penalty
(Gramm-Leach Bliley Act) Dealerships give privacy notices to every consumer
for the Privacy Notice... that comes into the store, whether they get financed
Dealership policy vs. what or not... law says you only have to give it to a
the law says to do... customer, somebody that actually bought something
For the Privacy Notice, by dealerships using privacy notices found on Form
how is safe harbor given Builder
to dealerships?
(Gramm-Leach Bliley Act) non-public information, anything not found online or
under the Safegaurds in a phonebook
Rule, what is NPI?
