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 |