Tax: Tax Step
You set the rate at which tax is applied to a range of values in the Tax Steps
tab on the Tax Maintenance
screen. Each step represents the amount of tax that is charged between the amounts listed in the step fields. For example,
if step 1 is set to .25 and step 2 is set to .30, then the tax charged on sales between .25 and .29 inclusive is .01. Step values are used if the sales amount is within the specified range. For sales amounts beyond the step values, either the break point or tax rate are used. If a break point is specified,
its amount must be included in the step values.
Structure
Screen Element |
Description |
|---|---|
|
Specifies the dollar amount for each step
This field does not actually have a label. End of the note. |
|
Sets the recursive tax step to calculate the tax; the recursive tax step break point is the value at which the tax table repeats |
Note