Microsoft Dynamics 365 Finance — Question 53

A company has implemented Dynamics 365 Finance.

The company pays taxes quarterly to the states of Florida, Nebraska, and Washington. These states have been set up as tax authorities within Dynamics 365 Finance.

You need to configure the system to remit tax payments.

What should you do?

Answer options

• A. Associate the vendor record to the tax authority.
• B. Set up a customer record for the tax authority.
• C. Associate the vendor record to the settlement period.
• D. Set up the jurisdiction and associate the jurisdiction to the tax authority.

Correct answer: A

Explanation

The correct answer is A because associating the vendor record with the tax authority allows the system to correctly process tax payments. Option B is incorrect as creating a customer record is not necessary for tax remittance. Option C does not relate to the configuration for tax payments, and option D, while relevant to jurisdictions, does not directly address the remittance of tax payments.