Oracle
1Z0-517 · Question #196
Assume that the withholding tax is calculated at the invoice payment time and the withholding tax rate is 20%. Identify three statements with the correct withholding tax calculations. (Choose three.)
The correct answer is A. invoice amount $500, withholding tax $100 (20% of $500) D. invoice amount $500, prepayment invoice for $250, withholding tax $50 (20% of $500 - $250) E. invoice amount $600, prepayment invoice for $100, withholding tax $100 (20% of $600 - $100). See the full explanation below for the reasoning.
Question
Assume that the withholding tax is calculated at the invoice payment time and the withholding tax rate is 20%. Identify three statements with the correct withholding tax calculations. (Choose three.)
Options
- Ainvoice amount $500, withholding tax $100 (20% of $500)
- Binvoice amount $400, prepayment invoice for $200, withholding tax $4 (20% of $200)
- Cinvoice amount $600, prepayment invoice for $100, withholding tax $12 (20% of $600)
- Dinvoice amount $500, prepayment invoice for $250, withholding tax $50 (20% of $500 - $250)
- Einvoice amount $600, prepayment invoice for $100, withholding tax $100 (20% of $600 - $100)
How the community answered
(30 responses)- A80% (24)
- B13% (4)
- C7% (2)
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