The Tax Schedule Rates screen displays the rate information for the selected tax schedule by effective date.
The table also contains the expense type for which the tax schedule will be used, the location, tolerance percent, and the rate and recovery percents for rate 1 and rate 2 (if used). You can add, edit, and delete a row from the table.
Note: When adding a new tax schedule, you must perform the Save function to enable the Tax Schedule Rates subtask.
Tax Schedule Rates Table
| Field | Description |
|---|
| Effective Date
|
This non-editable column displays the date on which the rate became effective.
|
| Expense Type
|
This non-editable column displays the expense type that is linked to the tax schedule rate.
|
| Location
|
This non-editable column displays the locations for the tax schedule rate.
|
Note: This column will display only if you selected the
Location Required check box on the Basic Information tab.
| Field | Description |
|---|
| Tolerance %
|
This non-editable column displays the tolerance % for the tax schedule rate. This is the percentage the user can deviate from the system-calculated tax amounts, if they have rights to change their amounts.
|
| Rate 1 %
|
This non-editable column displays the rate 1 % for the tax schedule rate.
|
| Recovery % Rate 1
|
This non-editable column displays the recovery % for rate 1 for the tax schedule rate.
|
| Rate 2 %
|
This non-editable column displays the rate 2 % for the tax schedule rate.
This column will display if the tax schedule is set up as a
schedule.
|
| Recovery % Rate 2
|
This non-editable column displays the recovery % for rate 2 for the tax schedule rate.
This column will display only if the tax schedule is set up as a
schedule.
|
| Calculation Method
|
This non-editable field displays the calculation method, either
Standard or
Additive, currently selected for the tax schedule rate.
If the method is
Standard, Deltek Expense multiplies the expense amount by the first-tier tax rate, and then in a separate calculation, multiplies the expense amount by the second-tier tax rate.
If the method is
Additive, the second-tier tax is multiplied by the result of the first-tier tax calculation. This method is commonly used, for example, when calculating Canada's GST/PST.
|
