Example 1 - Account With Taxes Under Threshold
This example shows the bill for an account where the accumulated tax amount is less than the threshold amount. Since the accumulated tax amount of $10.50 is less than the threshold amount, taxes are not applicable and the account's bill should be adjusted to exclude the tax amount of $10.50.
|
Bill Line |
Amount |
|
Standing Charge |
10.00 |
|
2,000 units @ $0.10 |
200.00 |
|
Tax @ 5% on $210.00 |
10.50 |
|
Total |
220.50 |
|
Adjusted Total |
210.00 |