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 |
Parent topic