The rate info page contains the obligation's rate and information needed by the rate to calculate the obligation's bill segments. This information is only displayed if the obligation's obligation type allows a rate. Generally speaking, rates are utilized by taxes calculated using Classic Billing.
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The Rate grid controls the rate used to calculate the obligation's bill segments. Multiple rows will only exist if the obligation's Rate changes over time.
An obligation's Rate is populated by the system. The obligation type's default rate is populated on the obligation.
Billing selects a single rate from the Rate grid when it calculates a bill segment for the obligation. If multiple rates are defined in this grid, the rate is selected based on the obligation's obligation type's Rate Selection Date. The following fields display:
Effective Date is the date the rate becomes effective. The obligation's start date defaults.
Rate Schedule defines the rate used to calculate the obligation's bill segments. Note, you can only choose rates defined as permissible on the obligation's obligation type; the permissible rates are shown in the adjacent tree.
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