Question

In a OneWorld account, which two steps are required to make items taxable? (choose 2)

A. Assign a tax schedule on the item record.
B. Set the taxable flag on the Item to ""Yes"".
C. Create tax schedules for groups of Items.
D. Add the Item to the appropriate tax schedule.

Answer 1

To make items taxable in a OneWorld account, you need to assign a tax schedule to the item and set the taxable flag on the item to "Yes".

Step-by-step explanation:

To make items taxable in a OneWorld account, two steps are required. First, you must assign a tax schedule on the item record. Tax schedules categorize tax rates and codes that apply to a group of items, and associating an item with a tax schedule ensures that it is taxed correctly according to local regulations. Second, the taxable flag on the item must be set to "Yes". This is a direct indication that the item is subject to tax based on the associated tax schedule. It's important to note that creating tax schedules and adding items to tax schedules alone do not make an item taxable unless these two steps are taken.