Example 2 - Account With Taxes Above Threshold
This example shows the bill for an account where the accumulated tax amount is greater than the threshold amount. Since the accumulated tax amount of $27.92 is greater than the threshold amount, taxes are applicable and the account should be billed for the total amount.
Bill Line
Amount
Standing Charge
10.00
4,000 units @ $0.10
400.00
Additional Charge
148.45
Tax @ 5% on $558.45
27.92
Total
586.37