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Exam 1z0-1055-21 All Questions

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Exam 1z0-1055-21 topic 1 question 20 discussion

Actual exam question from Oracle's 1z0-1055-21
Question #: 20
Topic #: 1
[All 1z0-1055-21 Questions]

Certain suppliers that your customer regularly deals with are exempt from tax.
How should you configure tax for this?

  • A. Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.
  • B. Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.
  • C. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.
  • D. Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification.
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Suggested Answer: D 🗳️

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kripavesh
1 week, 5 days ago
Answer : B
upvoted 2 times
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