IFTA IQ Test ANSWERS True or False 1

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IFTA IQ Test – ANSWERS

IFTA IQ Test – ANSWERS

True or False

True or False

#1 Jurisdictions are required to finalize their tax rates and determine tax exemptions. True:

#1 Jurisdictions are required to finalize their tax rates and determine tax exemptions. True: Procedures Manual, P 1120. 100 and P 1130

#2 An annual IFTA tax return is for one calendar year. True: Articles of

#2 An annual IFTA tax return is for one calendar year. True: Articles of Agreement, R 930. 200

#3 A recreational vehicle is not a qualified motor vehicle but a bus transporting

#3 A recreational vehicle is not a qualified motor vehicle but a bus transporting children to a church recreation camp is a qualified motor vehicle. TRUE: R 248

#4 Temporary IFTA permits can be issued for 60 days False: Articles of Agreement,

#4 Temporary IFTA permits can be issued for 60 days False: Articles of Agreement, R 263 and R 650

#5 When a carrier fails to pay your jurisdiction, you can require them to

#5 When a carrier fails to pay your jurisdiction, you can require them to post a bond. True: Articles of Agreement, R 340 and Procedures Manual, P 400

#6 To stream line the renewal process your jurisdiction can automatically renew active licenses.

#6 To stream line the renewal process your jurisdiction can automatically renew active licenses. True: Articles of Agreement, R 345. 200

#7 Jurisdictions are required to send an initial billing and a second billing for

#7 Jurisdictions are required to send an initial billing and a second billing for IFTA tax returns that do not have complete payments. False.

#8 Jurisdictions cannot write off credit or debit amounts. False: Articles of Agreement, R

#8 Jurisdictions cannot write off credit or debit amounts. False: Articles of Agreement, R 1120

#9 Jurisdictions must have an appeal procedure in place for licensees whose license has

#9 Jurisdictions must have an appeal procedure in place for licensees whose license has been revoked True: Articles of Agreement, R 370, R 1400

#10 Trip permits are not allowed in lieu of IFTA licensing. False: Articles of

#10 Trip permits are not allowed in lieu of IFTA licensing. False: Articles of Agreement, R 310

#11 Jurisdictions must charge a fee for decals and licenses False: Articles of Agreement,

#11 Jurisdictions must charge a fee for decals and licenses False: Articles of Agreement, R 355 and Procedures Manual, P 145 and P 320. 300

#12 Licensees must provide a lease when they renew. False: Articles of Agreement, R

#12 Licensees must provide a lease when they renew. False: Articles of Agreement, R 540, P 520

#13 Jurisdictions cannot have their state logo on the IFTA decal False: Procedures Manual,

#13 Jurisdictions cannot have their state logo on the IFTA decal False: Procedures Manual, P 320. 100

#14 If you can verify that a company has a valid IFTA license then

#14 If you can verify that a company has a valid IFTA license then they do not need to have a copy in the vehicle they are operating. False: Articles of Agreement, R 620

#15 Licensees can transfer decals between vehicles False: Articles of Agreement, R 640

#15 Licensees can transfer decals between vehicles False: Articles of Agreement, R 640

#16 Licensees must renew their IFTA license and decals by December 31 st of

#16 Licensees must renew their IFTA license and decals by December 31 st of each year because there is no grace period. True: Articles of Agreement, R 610 (Grace period is for display see R 655)

#17 Licensees are exempt from reporting fuel information for cement trucks because they manufacture

#17 Licensees are exempt from reporting fuel information for cement trucks because they manufacture a product while on the road. True/False: R 830. 100

#18 Licensees can request a refund when credit exists from their IFTA tax return.

#18 Licensees can request a refund when credit exists from their IFTA tax return. However, jurisdictions can issue the refund whenever they want. Part 1: True: Articles of Agreement, R 1110. Part 2: False: Articles of Agreement R 1150

#19 IFTA tax returns are considered “Timely” when the return is received along with

#19 IFTA tax returns are considered “Timely” when the return is received along with the complete payment by the return due date. True: Articles of Agreement, R 920, R 960 and R 970

#20 Annual IFTA tax reporting is allowed when a licensee operation has less than

#20 Annual IFTA tax reporting is allowed when a licensee operation has less than 5, 000 miles or 8, 000 kilometers in all jurisdictions. False: R 930. 200 “in all member jurisdictions other than the base jurisdiction.

#21 Each tax return must contain a complete tax rate matrix as part of

#21 Each tax return must contain a complete tax rate matrix as part of the form. False: Articles of Agreement, R 940. 100, Procedures Manual, P 730 and P 720. 500. 010

#22 The letters “IFTA” on the IFTA decal must be a minimum of ½”.

#22 The letters “IFTA” on the IFTA decal must be a minimum of ½”. False: Procedures Manual, P 320. 100

#23 The jurisdiction must notify all member jurisdictions within 15 days of all revocations/suspensions

#23 The jurisdiction must notify all member jurisdictions within 15 days of all revocations/suspensions or reinstatements. False: Articles of Agreement, R 420

#24 The jurisdiction must allow a licensee to submit a computer-generated tax return in

#24 The jurisdiction must allow a licensee to submit a computer-generated tax return in lieu of the standard tax return. False: R 940. 300

#25 Payments of billing transmittals received from other jurisdictions are made by the last

#25 Payments of billing transmittals received from other jurisdictions are made by the last day of the month following the month in which the billing transmittal was received. True: P 1040

OR TRUE TRUE FALSE FALSE ORTRUE FALSE TRUEOR TRUE TRUE FALSE FALSE ORTRUE FALSE TRUE
True and False and True False and FalseTrue and False and True False and False
TRUE OR FALSE REVIEW GAME TRUE OR FALSETRUE OR FALSE REVIEW GAME TRUE OR FALSE
True or False MASTER FOR TRUE or FALSETrue or False MASTER FOR TRUE or FALSE
Probability TRUE OR FALSE TRUE OR FALSE lProbability TRUE OR FALSE TRUE OR FALSE l
Homework 3 True or False True or falseHomework 3 True or False True or false
MYTHBUSTERS TRUE OR FALSE True or False AnyoneMYTHBUSTERS TRUE OR FALSE True or False Anyone
ULTIMATE TEST NERVOUS SYSTEM TRUE OR FALSE TRUEULTIMATE TEST NERVOUS SYSTEM TRUE OR FALSE TRUE
FALSE FRIENDS AND SUFFIXES FALSE FRIENDS False friendsFALSE FRIENDS AND SUFFIXES FALSE FRIENDS False friends
False Teachers false brothers Gal 2 4 falseFalse Teachers false brothers Gal 2 4 false
Warm up 826 True or False if falseWarm up 826 True or False if false
Warm up True false If false explain whyWarm up True false If false explain why
FIRST FIVE True or false If false correctFIRST FIVE True or false If false correct
Do Now True for False if false correctDo Now True for False if false correct
Property Dualism Recap True or False If falseProperty Dualism Recap True or False If false
Q 2 True or False 1 False MostQ 2 True or False 1 False Most
TRUE or FALSE If FALSE correct the mistakeTRUE or FALSE If FALSE correct the mistake
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