setting up tax tables in RMS

Nov 04, 2005 5 Replies

I have a client who has special tax needs. $0-$1600 is taxed at 9.25 $1601-$3200 is taxed at 9.75 $3201- and above is taxed at 7% so for example- for a $3,300.00 item- the tax would be $311.00. How would I set this up in RMS? Help! Thanks Andrea



Andrea,

One possible way would be to:

  1. Create the three different items taxes.

  1. Then run an Inventory Wizrd to set sales taxes. Use custom filters to select the items from each price group: Price > 0 and

Andrea,

Create 3 Sales Taxes. Sales Tax 1 Minimum Taxable Amount = None Maximum Taxable Amount = $1,600.99 Tax Rate = %9.25

Sales Tax 2 Minimum Taxable Amount = $1,601.00 Maximum Taxable Amount = $3,200.99 Tax Rate = %9.75

Sales Tax 3 Minimum Taxable Amount = $3,201.00 Maximum Taxable Amount = None Tax Rate = %7

Assign all of these taxes to one Item Tax.

Rob

This is Tennessee taxation. :) What state are you from Andrea? mt

Look at the Sales tax for the 9.75 and 7% taxes. There's a check box that says "Only apply this to amounts over the minimum"...

If you check this box for both taxes, it will come out to the $311 you are looking for (after you run a Z-Report)...

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