Microsoft MB-310 Exam - Topic 7 Question 67 Discussion

Actual exam question for Microsoft's MB-310 exam

Question #: 67
Topic #: 7

A company configures Dynamics 36S Finance to collect and report sales tax horn customers. The company calculates the sales tax amount needed to pay a vendor for taxable items and expenses.

The company is required by law to accrue and pay use tax. You add a new vendor in an existing, region.

You need to configure the system to accrue use tax for the new vendor.

Which three actions should you take? Each correct answer presents part of the solution.

NOTL Each coned selection is worth one pant.

ACreate a new tax group for the use tax.

BCreate a new tax code for the use tax.

CConfigure the use tax payable for the main account into the ledger posting group.

DAdd a tax code to the tax group with the use tax option set to Yes.

ECreate a new tax authority for the use tax.

FAdd a tax code to the item sales tax group.

GCreate a new settlement period for the use tax.

Show Suggested Answer

Suggested Answer: A, C, F

by Sheron at Nov 21, 2022, 03:28 AM

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Katlyn

4 months ago

Creating a new tax group seems unnecessary to me.

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Cristy

5 months ago

Don't forget to configure the use tax payable in the ledger posting group!

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Tamar

5 months ago

Wait, do we really need a new tax authority for this?

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Yuonne

5 months ago

I agree, adding a tax code is essential!

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Ruth

5 months ago

You definitely need to create a new tax code for the use tax.

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Lakeesha

5 months ago

I definitely recall that we need to set the use tax option to Yes in the tax group, but I can't remember if we also need to create a new tax authority.

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Berry

5 months ago

I’m a bit confused about whether we need to add a tax code to the tax group or just configure the use tax payable in the ledger posting group.

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Eleonora

5 months ago

I remember practicing a similar question where we had to configure tax groups and codes. I feel like creating a new tax group might be necessary too.

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Vincenza

6 months ago

I think we need to create a new tax code for the use tax, but I'm not entirely sure if that's the only step we need to take.

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Valentine

6 months ago

This looks like a straightforward tax question. I'll read through the options carefully and think about which deduction is not limited by adjusted gross income.

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Marsha

6 months ago

This question seems straightforward, but I want to make sure I understand the key details before answering.

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