Using the Automated Sales Tax experience in QuickBooks Online, which 3 situations can lead an invoice...

Using the Automated Sales Tax experience in QuickBooks Online, which 3 situations can lead an invoice to have no tax for an otherwise taxable product or service?

(Select all that apply)

A The customer is tax-exempt

B The original invoice was voided and recreated

C The invoice is dated during a sales tax holiday

D The user selected Override this amount and entered an amount of zero for the sales tax

E The user changed the taxable status of the product or service on the invoice from taxable to exempt

Solutions

Expert Solution

Answers:

A. The customer is tax-exempt

D. The user selected Override this amount and entered an amount of zero for the sales tax

E. The user changed the taxable status of the product or service on the invoice from taxable to exempt

Explanation:

Option A is correct because if the customer is tax-exempt, it will lead to an invoice to have no tax for an otherwise taxable product or service.

Option B is incorrect because whether the original invoice was voided and recreated does not lead to an invoice to have no tax for an otherwise taxable product or service.

Option C is incorrect because the invoice is dated during a sales tax holiday does not lead to an invoice to have no tax for an otherwise taxable product or service.

Option D is correct because if the user selected Override this amount and entered an amount of zero for the sales tax, it will lead to an invoice to have no tax for an otherwise taxable product or service.

Option E is correct because if the user changed the taxable status of the product or service on the invoice from taxable to exempt, it will lead to an invoice to have no tax for an otherwise taxable product or service.

ekkarill92 answered 1 year ago

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