Calculate Tax Amounts for Requisitions

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If you chose the Enter the Tax Rate on Line Items (Column J) and Let Contract Management Calculate the Tax to Date Amount option in the Cost Options dialog box for the contract/purchase order (or the Project Settings Dialog Box if you are not generating the requisition for a contract/purchase order), you can enter the tax percentage for each line item in the Tax Rate field (column J). Contract Management calculates the tax amount by multiplying the percentage by the value in Completed and Stored to Date, D+E+F (column G). Contract Management displays the sum of all tax amounts in the Tax to Date field in the requisition's Summary section.