In certain scenarios, it may be desirable to use externally provided hypothetical tax values in cost estimates instead if the hypothetical taxes calculated by the tax engine. This article details the configuration required to support the input of external hypothetical taxes for use in the grossup tax calculation.
From the Cost Estimate Template screen, locate the relevant hypothetical tax line item(s) in the Cost Estimate Line Items section.
Click the pencil icon to edit the Line Item Details.
Example: Updating Hypothetical Income Tax line item to use Hypo Income Tax Input
If you are amending a pre-configured template, the hypothetical tax line items will likely be mapped to Tax Estimator Outputs.
Under the Calculation section, update the calculation method from Tax Calculation to None by selecting the radio button.
Check the Tax Input checkbox.
From the Tax Input Category dropdown, select Tax Costs Input.
From the Tax Input Name lookup, select Hypothetical Income Tax.
Check the Pro-Rate Based on Months checkbox. Annual Amount For Tax Estimates will also check automatically.
Follow the same process for Hypothetical State/Province/Canton Tax, and for Hypothetical Social Tax, selecting the relevant Tax Input Name for each.
Note: Hypothetical tax values must be entered as negatives. For example, for a hypothetical income tax value of 10,000, enter -10,000.