Knowledge quiz

It's time to put what you've learned to the test, get 3 right to pass this unit.

1.

Apply the formulas that you've learned to determine the tax amount based on the following parameters: Expense Amount = $67.00 and Tax Rate = 12%. Which of the following is the correct tax amount?

Choose the correct answer.
2.

A user adds an expense to their expense report for 237.56. The expense type used is taxed at a rate of 17%. How much of the 237.56 was tax?

Choose the correct answer.
3.

What two fields must be captured on every expense for the system to correctly calculate VAT?

There are two correct answers.
4.

When creating a tax configuration for a new country, it is necessary to visit all three tabs: Tax Authorities, Tax & Reclaim Groups, and Employee Related Configurations.

Choose the correct answer.

Learning

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