AFIP Test| Questions and correct answers, Grade 100%| Latest 2026

AFIP Test| Questions and correct answers, Grade 100%| Latest 2026 Payment Packing 1.Can't give leg 2. UDAP claim 3. Against the law in CA 4. Against AFIP code of ethics PowerBooking 1. violation of the dealer agreement 2. have to buy back the deal 3. problem if the car is repossessed 4. UDAP claim 5. Funding sources have software to identify equipment 6. Lose AFIP certification 3 Elements of a Contract 1. Offer 2. Acceptance 3. Consideration Spanish Language Transactions (Buyers Guide) 1. In the English version of the BG there is a setence in Spanish that tells a customer he can get a Spanish BG if he wants one. 2. if the transaction is in the Spanish, the BG has to be in Spanish. 3. if your pursuing the Spanish market, you should have both English and Spanish buyers guides on the cars. Buyers Guide The BG cannot be the sole source of warranty information Implied Warranty State *In an implied warranty state, state law will override the provisions of a service contract 2 Provisions on the BG 1. a website to get the history on the vehicle 2. a website about safety recalls Car is on the lot marked AS-IS, but the sales person throws in a 3/3 warranty You have to redo the BG Complaints after the Sale on BG 1. Name of individual 2. Phone number of that individual 3. Title of individual 3rd Party Warranty Co. 1. Dealer would record, "no dealer warranty." 2. Check the box for "other used vehicle warranty." The max penalty for violating the Used Car Rule $43972 What is considered cash? 1. cashier's check 2. Bank draft 3. Travelers check 4. money order 5. with a fact amount of less than $10k paid on a car costing more than $10k 6. Anything that represents cleared funds is not considered cash. Buy Here Pay Here Dealer total amount received in a 12 month period that exceeds $10k cash Standard for related purchase total amt received in a 24 hour period Tax Payer ID number 1. SSN 2. Individual Taxpayer Number (ITN) 3. Employer ID Number (EIDN) Suspension Transaction 1. Don't tell them that you are going to fill out the form, even if they ask. 2. You don't send a letter to the customer Non-Resident Alien