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Microsoft

MB-310 · Question #36

A legal entity has locations and customers in multiple states within the United States. You need to ensure that taxable customers are charged sales tax for taxable items in their delivery location…

The correct answer is A. the Sales tax group on the Customer record C. the Item Sales tax group on the Item record E. the Sales tax codes. Terms of delivery setup do not associate to a sales tax group. However, item sales tax groups on the item record are critical to tax processing. if the item does not have a sales tax group taxes will never be charged…

Set up and configure financial management

Question

A legal entity has locations and customers in multiple states within the United States. You need to ensure that taxable customers are charged sales tax for taxable items in their delivery location. Which three settings must you configure? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point.

Options

  • Athe Sales tax group on the Customer record
  • Bthe Terms of delivery setup
  • Cthe Item Sales tax group on the Item record
  • Dthe Sales reporting codes
  • Ethe Sales tax codes

How the community answered

(52 responses)
  • A
    75% (39)
  • B
    17% (9)
  • D
    8% (4)

Explanation

Terms of delivery setup do not associate to a sales tax group. However, item sales tax groups on the item record are critical to tax processing. if the item does not have a sales tax group taxes will never be charged. https://learn.microsoft.com/en-us/dynamics365/finance/general-ledger/indirect-taxes-overview https://learn.microsoft.com/en-us/dynamics365/commerce/sales-tax-config

Topics

#sales tax#sales tax groups#item tax groups#tax configuration

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