Foreign Mode Calculations

These equations illustrate how the system calculates various amounts in foreign mode:

• (Domestic Cost Amount) × (Exchange Rate) = (Foreign Cost Amount)

• (Foreign Cost Amount) + (Markup Amount) = (Foreign Taxable Amount)

• (Foreign Taxable Amount) × (Tax Rate) = (Foreign Tax Amount)

• (Foreign Taxable Amount) + (Foreign Tax Amount) = (Total Foreign Invoice Amount)

• (Foreign Taxable Amount) × (Discount Rate) = (Foreign Discount Amount)

• (Foreign Taxable Amount) × (Exchange Rate) = (Domestic Taxable Amount)

• (Domestic Taxable Amount) × (Tax Rate) = (Domestic Tax Amount)

• (Domestic Taxable Amount) + (Domestic Tax Amount) = (Total Domestic Invoice Amount)

• (Domestic Taxable Amount) × (Discount Rate) = (Domestic Discount Amount)