Exam (elaborations)
AFIP FINAL EXAM PREP QUESTIONS WITH 100% SOLVED ANSWERS!!
- Course
- Institution
AFIP FINAL EXAM PREP QUESTIONS WITH 100% SOLVED ANSWERS!!
[Show more]
Content preview
AFIP FINALEXAM PREP
QUESTIONS
WITH 100%
SOLVED
Evatee 9/10/24 AFIP
,AFIP FINAL EXAM PREP QUESTIONS WITH
100% SOLVED ANSWERS!!
What are the three elements of a contract Answer - 1. Offer
2. Acceptance
3. Consideration
Spanish rules for buyers guide Answer - 1)There is a statement at the back of
the buyers guide that explains the customer to ask for a spanish guide if
needed
2) if the sales transaction is in spanish, the buyers guide must be as well
3) if you are going after the hispanic market, you must have both
english/spanish buyers guides
if a vehicle on the lot qualifies for a service contract Answer - you must
indicated on the contract that it is eligible for the service contract
There are two websites on the buyers guide Answer - 1) how to get the history
on the vehicle
2) How to find out if any open recalls have been issued
Vehicle conditions on the buyers guide Answer - You must have an updated
condition report on the buyers guide
on the back of the buyers guide: complaints after sale contact lists: Answer - 1)
the dealership rep name
2) Phone number
, 3) Job Title
Third party warranty company disclosures: Answer - 1) check "no dealer
warranty" Box
2) Check "Other used vehicle warranty" Box
The maximum penalty for violating the used car rule is: Answer - $43,792
IRS 8300 Form: What is Cash? Answer - 1) Cashiers Check
2) Bank Draft
3) Travelers Check
4)the amount of $9,500 but this is not required to be submitted to the 8300
Which of the following requires IRS 8300: Answer - - The customer paid
$15,000 cash down but the sale did not take place
Buy Here Pay Here 8300: Answer - The total amount received in cash in a 12
month period that is over $10,000 needs to be listed on the IRS 8300
How to identify the customer on the IRS 8300 Form? Answer - - SSN
- ITIN
- EIN
Suspicious Transaction IRS 8300 Form requirements: Answer - - You cannot tell
the customer you filled out the 8300 form
- you do not send the customer a letter explaining the form was submitted
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller EvaTee. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75057 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now