= $25,000) = $25,000.00 * 10% = $2,500.00 tax due tier 2 ($25,000.01 >= $50,000) = $25,000.00 * 12.5% = $3,125.00 tax tier 3 ($50,000.01 >= $100,000) = $50,000.00 * 15% = $7,500.00 tax due tier 4 ($100,000.01 >= $200,000) = $25,000.00 * 17.5% = $4,375,00 tax due tier 5 ($200,000.01 and above) = $0 * 20% = $0.00 tax due Every tier must be defined in the file regardless of whether it exceeds the amount of taxable items. Using the example above, the TAX_TIER_DETAIL segment must include a representation for tier 5. The total tax due on this tiered tx_id then is $17,500.00 (the sum of the amounts above in blue). ""> = $25,000) = $25,000.00 * 10% = $2,500.00 tax due tier 2 ($25,000.01 >= $50,000) = $25,000.00 * 12.5% = $3,125.00 tax tier 3 ($50,000.01 >= $100,000) = $50,000.00 * 15% = $7,500.00 tax due tier 4 ($100,000.01 >= $200,000) = $25,000.00 * 17.5% = $4,375,00 tax due tier 5 ($200,000.01 and above) = $0 * 20% = $0.00 tax due Every tier must be defined in the file regardless of whether it exceeds the amount of taxable items. Using the example above, the TAX_TIER_DETAIL segment must include a representation for tier 5. The total tax due on this tiered tx_id then is $17,500.00 (the sum of the amounts above in blue). "">

tax_tier_detail segment

tax_tier_detail segment - "There will be 0 or more TAX_TIER_DETAIL segments per file. If no TAX.tax_tiers is defined, no TAX_TIER_DETAIL section would be included in the file. This segment must fully define each of the tiers involved in the tax calculation, even if the invoice total is less than the tax tier. This segment defines the tax tiers specified in TAX.tax_tiers and tallies the amount of tax at each tier for this invoice. Unlike regular taxes, Tiered Taxes roll up to the invoice level whereas regular taxes roll up to the matter/invoice level. A Tiered Tax is one where the tax rate can vary depending on the total of the file. As compared to other kinds of taxes where a flat tax rate applies to the taxable item total, multiple tax rates apply. All tiers associated with the Tiered Tax as set forth by the tax authority must be represented in this segment, even if the tier exceeds the total of taxable items in the file. Illustration: Let's say there is a Tiered Tax where the tax rate is 10% for $0 to $25,000, 12.5% for $25,000 to $50,000, 15% for $50,000 to $100,000, 17.5% for $100,000 to $200,000, and 20% for amounts above that amount. Let's also say that an invoice includes $125,000 in taxable items subject to the Tiered Tax. For $125,000 in taxable detail, the TAX_TIER_DETAIL segment would include 5 lines for each of the 5 defined tiers as follows: tier 1 ($0 >= $25,000) = $25,000.00 * 10% = $2,500.00 tax due tier 2 ($25,000.01 >= $50,000) = $25,000.00 * 12.5% = $3,125.00 tax tier 3 ($50,000.01 >= $100,000) = $50,000.00 * 15% = $7,500.00 tax due tier 4 ($100,000.01 >= $200,000) = $25,000.00 * 17.5% = $4,375,00 tax due tier 5 ($200,000.01 and above) = $0 * 20% = $0.00 tax due Every tier must be defined in the file regardless of whether it exceeds the amount of taxable items. Using the example above, the TAX_TIER_DETAIL segment must include a representation for tier 5. The total tax due on this tiered tx_id then is $17,500.00 (the sum of the amounts above in blue). "

Class Information

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Identification

Label (rdfs)
tax_tier_detail segment
Preferred Label
None
Alternative Labels
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Identifier
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Definition and Examples

Definition
"There will be 0 or more TAX_TIER_DETAIL segments per file. If no TAX.tax_tiers is defined, no TAX_TIER_DETAIL section would be included in the file. This segment must fully define each of the tiers involved in the tax calculation, even if the invoice total is less than the tax tier. This segment defines the tax tiers specified in TAX.tax_tiers and tallies the amount of tax at each tier for this invoice. Unlike regular taxes, Tiered Taxes roll up to the invoice level whereas regular taxes roll up to the matter/invoice level. A Tiered Tax is one where the tax rate can vary depending on the total of the file. As compared to other kinds of taxes where a flat tax rate applies to the taxable item total, multiple tax rates apply. All tiers associated with the Tiered Tax as set forth by the tax authority must be represented in this segment, even if the tier exceeds the total of taxable items in the file. Illustration: Let's say there is a Tiered Tax where the tax rate is 10% for $0 to $25,000, 12.5% for $25,000 to $50,000, 15% for $50,000 to $100,000, 17.5% for $100,000 to $200,000, and 20% for amounts above that amount. Let's also say that an invoice includes $125,000 in taxable items subject to the Tiered Tax. For $125,000 in taxable detail, the TAX_TIER_DETAIL segment would include 5 lines for each of the 5 defined tiers as follows: tier 1 ($0 >= $25,000) = $25,000.00 * 10% = $2,500.00 tax due tier 2 ($25,000.01 >= $50,000) = $25,000.00 * 12.5% = $3,125.00 tax tier 3 ($50,000.01 >= $100,000) = $50,000.00 * 15% = $7,500.00 tax due tier 4 ($100,000.01 >= $200,000) = $25,000.00 * 17.5% = $4,375,00 tax due tier 5 ($200,000.01 and above) = $0 * 20% = $0.00 tax due Every tier must be defined in the file regardless of whether it exceeds the amount of taxable items. Using the example above, the TAX_TIER_DETAIL segment must include a representation for tier 5. The total tax due on this tiered tx_id then is $17,500.00 (the sum of the amounts above in blue). "
Examples
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Class Relationships

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See Also
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Additional Information

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Description
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Notes
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Deprecated
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