The tax rate is set to 10%. A tax deduction and a tax payment instruction line item are created. The tax deduction instruction line item indicates the following:
- Nominee = John Smith
- Amount = $3.50
- Delivery method = Check
- Category = Payment
- Type = Tax Deduction
- Cover period = February 1 to February 7
- Unprocessed amount = $3.50
- Status = Unprocessed
The tax payment instruction line item indicates the following:
- Nominee = Tax Authority
- Amount = $3.50
- Delivery method = Check
- Category = Tax Payment
- Type = Tax Payment
- Cover period = February 1 to February 7
- Unprocessed amount = $3.50
- Status = Unprocessed