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Exam MB-310 topic 1 question 110 discussion

Actual exam question from Microsoft's MB-310
Question #: 110
Topic #: 1
[All MB-310 Questions]

You are configuring taxes in Dynamics 365 Finance for a client.

Vendor invoices require a five percent sales tax calculation. Per government rules, the client can recover only 60 percent of this five percent sales tax amount against certain commodities. The remaining 40 percent is non-recoverable.

You need to configure the sales taxes to post to the expense account.

Where should you configure the sales tax percentage?

  • A. Sales tax group
  • B. Ledger posting groups
  • C. Tax code
  • D. Item sales tax group
Show Suggested Answer Hide Answer
Suggested Answer: C 🗳️
by bernardas at March 28, 2023, 9:37 a.m.

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Milliongiz
5 months, 1 week ago
To configure the sales tax percentage and manage the recoverable and non-recoverable portions of the tax in Dynamics 365 Finance, you should configure this in the Tax code. The tax code setup allows you to define the sales tax percentage and specify the recoverable percentage. So, the correct answer is: C. Tax code
upvoted 1 times
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Suvadipg55
9 months, 2 weeks ago
Selected Answer: C
Tax codes in Dynamics 365 Finance typically include the percentage information and help determine how much of the sales tax should be posted to various accounts. In this case, you would configure the sales tax percentage within the tax code to meet the specific requirement of the client, where 60 percent is recoverable and 40 percent is non-recoverable against certain commodities.
upvoted 1 times
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[Removed]
10 months, 2 weeks ago
Selected Answer: C
Sales tax code - in values you can set up a percentage value as well as non-deductible percentage.
upvoted 1 times
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lc23
1 year, 1 month ago
There is no way to set up a percentage in an Item sales tax group. Percentages are only set up for Tax codes.
upvoted 2 times
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Conrad123
1 year, 2 months ago
Selected Answer: C
Sales tax code - in values you can set up a percentage value as well as non-deductible percentage.
upvoted 1 times
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Conrad123
1 year, 2 months ago
Sales tax code - in values you can set up a percentage value as well as non-deductible percentage.
upvoted 1 times
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Sco365
1 year, 4 months ago
Selected Answer: C
Tax code is the answer
upvoted 2 times
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krentron
1 year, 5 months ago
Selected Answer: C
I think it is C. Sales tax code to be more accurate.
upvoted 1 times
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Bisera
1 year, 6 months ago
Selected Answer: C
I think C is right answer
upvoted 3 times
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bernardas
1 year, 7 months ago
Selected Answer: C
Sales tax code values form has field "Non deductible %"
upvoted 4 times
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C (25%)
B (20%)
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