Oracle Exam 1z0-1055 Topic 4 Question 5 Discussion

Actual exam question for Oracle's 1z0-1055 exam

Question #: 5
Topic #: 4

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

AEnable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.

BDefine 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.

CCreate a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.

DDefine 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.

Show Suggested Answer

Suggested Answer: A

by Lenna at May 06, 2022, 04:20 AM

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