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
setting up tax tables in RMS
Nov 04, 2005
5 Replies
Andrea,
One possible way would be to:
- Create the three different items taxes.
- 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)...
Join the Discussion
Have something to add? Share your thoughts — no account required.
Didn't find your answer?
Ask the community — no account required