Home » Oracle » 1z0-1055-21 » Which three setups will you need to complete?
The Government has introduced a new reduced tax recovery rate for certain services. You need to amend the configuration for your current tax regime to reflect this change.
Which three setups will you need to complete? (Choose three.)
A. Setup a new tax
B. Setup a new tax rate
C. Setup a new recovery rate
D. Setup a new tax rule
E. Setup Determining Factor and Condition Sets
F. Setup a new status
Correct Answer: BDF
Explanation/Reference:
Explanation: Set up details for the taxes of a tax regime. Each separate tax in a tax regime includes records that are used to calculate and report on the tax, including:
• Tax statuses
• Tax rates
• Tax rules
Reference: https://docs.oracle.com/en/cloud/saas/financials/20b/faitx/tax-confiquration.html#FAITX1843284
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BDF