Tax as percentage, When to use tax tables, How to set up a tax table – Gasboy CFN III Manager Manual V3.6 User Manual
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MDE-4871 CFN III Manager’s Manual for Windows® XP Embedded - Version 3.6 · August 2010
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Tax as Percentage
Setting Up Tax Tables
Tax as Percentage
If the tax laws in your area allow type-0 tax calculations for all items-and most areas do allow
this, you do not require to use this chapter. Instead, refer to the Tax Rate and Tax Rounding
Boundaries parameters on menu 3 of the CONSOLE configuration program (which is
discussed in MDE-4773 CFN III Configuration Manual for Windows XP) for instructions on
setting up a type 0 tax.
For each product you define through the LOAD PRODUCT command, you will use
CONSOLE to specify the tax that applies. Tax rates are specified in hundredths of a percent.
For example, a 7.8 percent tax is specified as 780, though it displays as 7.80.
You can also specify the upward rounding breakpoint, in tenths of a cent (which is hundredths
of a dollar). For example, if taxes are to be rounded up at $0.005 and down below $0.005, you
will use CONSOLE to enter a 5 for the tax rounding boundary.
Note: The tax rates and tax rounding boundaries are ignored if the tax tables are loaded using
the TAX program.
When to Use Tax Tables
Setting up tax tables is a complicated procedure, so use tax tables only if the law in your area
requires them. If you are required by your local or state tax laws to use a tax table instead of
tax percentages, read through this entire chapter carefully before starting to construct the table;
then come back to the beginning of the chapter and start to work.
For each different tax lookup table the law requires you to use, use the TAX program
explained in this chapter to build a tax table. The table you build through the TAX program is
similar to the kind traditionally used in many (POS) terminals and cash registers.
You may set up 1-8 different taxes using these tables. Determine how many tax lookup tables
you require to build. Then for each one, follow the instructions in the remainder of this
chapter.
How to Set Up a Tax Table
The following are the five major steps involved in setting up a tax table:
•
“Preparing a Compressed Description of Tax Data”
on
•
“Allot Storage Space for Your Tax Information”
•
“Assign a Tax Number and Name to Each Table”
.
•
.
•
on
This chapter explains how to complete all those steps. It also explains how to use TAX to print
your tax information and how to update a tax table when tax rates change.