Semi-monthly basis:

Tax
Regular compensation income 12,690.00
Less: Base amount at Column No. 2- semi-monthly (10,417.00) -
Excess 2,273.00
Multiply by: Incremental tax rate 20% 454.60
1) Total withholding tax on compensation 454.60

Monthly basis:
Tax
Regular compensation income (12,690 x 2) 25,380.00
Less: Base amount at Column No. 2- semi-monthly (16,667.00) 1,250.00
Excess 8,713.00
Multiply by: Incremental tax rate 25% 2,178.25
2) Total withholding tax on compensation 3,428.25

Taxable income 25,380.00

Less: Withholding tax on compensation (3,428.25)
3) Net payroll due to Dannie 21,951.75
 Total number of shares 10,000
Multiply by: Cash dividend per share 10
Total cash dividend 100,000
Multiply by: Withholding tax rate 30%
Withholding tax 30,000

Total cash dividend 100,000

Less: Withholding tax (30,000)
1) Cash dividend, net of withholding tax 70,000
 Tax
Regular compensation income (48,000/2) 24,000.00
Less: Base amount at Column No. 3- semi-monthly (16,667.00) 1,250.00
Excess 7,333.00
Multiply by: Incremental tax rate 25% 1,833.25
Withholding tax on compensation 3,083.25

Time deposit 100,000.00

Multiply by: Interest rate 5%
Interest income 5,000.00
Multiply by: Withholding tax rate 20%
Withholding tax on interest income 1,000.00
Add: Withholding tax on compensation 3,083.25
1) Total withholding tax 4,083.25
 As non-VAT taxpayer:
Billing 25,000
Less: Expanded withholding tax (25,000 x 2%) (500)
Final Percentage tax (25,000 x 3%) (750)
1) Cash payable to Dora Transport 23,750

As VAT taxpayer:
Billing 25,000.00
Divided by: 112%
Transportation fee 22,321.43
Multiply by: VAT withholding tax rate 5%
Final withholding VAT 1,116.07

Billing 25,000.00
Less: Final withholding VAT (1,116.07)
Expanded withholding tax (446.43)
2) Cash payable to Dora Transport 23,437.50
 Tax
Taxable compensation income 309,600
Less: Lower tax bracket in tax table (250,000) -
Residual income 59,600
Multiply by: Incremental tax rate 15% 8,940
Income tax due on compensation income 8,940

Gross sales for the year 450,000

Add: Gross rent income (19,000/95% x 12) 240,000
Total 690,000
Multiply by: Optimal income tax rate 8% 55,200
1) Total income tax due 64,140