AFIP TEST 2025/2026 | 151 VERIFIED QUESTIONS WITH
100% CORRECT ANSWERS, GUARANTEED PASS
3 Elements of a Contract - CORRECT ANSWERS-1. Offer
2. Acceptance
3. Consideration
Spanish Language Transactions (Buyers Guide) - CORRECT ANSWERS-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 - CORRECT ANSWERS-The BG cannot be the sole source of warranty
information
Implied Warranty State - CORRECT ANSWERS-*In an implied warranty state, state law will
override the provisions of a service contract
2 Provisions on the BG - CORRECT ANSWERS-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 - CORRECT
ANSWERS-You have to redo the BG
Complaints after the Sale on BG - CORRECT ANSWERS-1. Name of individual
2. Phone number of that individual
3. Title of individual
3rd Party Warranty Co. - CORRECT ANSWERS-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 - CORRECT ANSWERS-$43972
What is considered cash? - CORRECT ANSWERS-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 - CORRECT ANSWERS-total amount received in a 12 month period
that exceeds $10k cash
Standard for related purchase - CORRECT ANSWERS-total amt received in a 24 hour period
Tax Payer ID number - CORRECT ANSWERS-1. SSN
2. Individual Taxpayer Number (ITN)
3. Employer ID Number (EIDN)
Suspension Transaction - CORRECT ANSWERS-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 - CORRECT ANSWERS-1. DL
2. Passport Number
Penalty for negligent failure- Tax form - CORRECT ANSWERS-$270
100% CORRECT ANSWERS, GUARANTEED PASS
3 Elements of a Contract - CORRECT ANSWERS-1. Offer
2. Acceptance
3. Consideration
Spanish Language Transactions (Buyers Guide) - CORRECT ANSWERS-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 - CORRECT ANSWERS-The BG cannot be the sole source of warranty
information
Implied Warranty State - CORRECT ANSWERS-*In an implied warranty state, state law will
override the provisions of a service contract
2 Provisions on the BG - CORRECT ANSWERS-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 - CORRECT
ANSWERS-You have to redo the BG
Complaints after the Sale on BG - CORRECT ANSWERS-1. Name of individual
2. Phone number of that individual
3. Title of individual
3rd Party Warranty Co. - CORRECT ANSWERS-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 - CORRECT ANSWERS-$43972
What is considered cash? - CORRECT ANSWERS-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 - CORRECT ANSWERS-total amount received in a 12 month period
that exceeds $10k cash
Standard for related purchase - CORRECT ANSWERS-total amt received in a 24 hour period
Tax Payer ID number - CORRECT ANSWERS-1. SSN
2. Individual Taxpayer Number (ITN)
3. Employer ID Number (EIDN)
Suspension Transaction - CORRECT ANSWERS-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 - CORRECT ANSWERS-1. DL
2. Passport Number
Penalty for negligent failure- Tax form - CORRECT ANSWERS-$270
