NAME: Jeson S.

Malinao
POSITION APPLIED: Credit& Collection  Associate 

Compute the Withholding Tax & Amount to be collect for the following Invoice Amount:

Invoice Amount Withholding Tax Amount to be Collect

1 13,500.00 120.53 13,379.47

2 10,000.00 89.28 9,910.72
3 19,500.00 174.1 19,325.90
4 25,000.00 223.21 24,776.79
5 30,000.00 267.85 29,732.15

Sample:

Invoice Amount Withholding Tax Amount to be Collect

1,000.00 8.93 991.07

Computation:

Withholding Tax = Invoice Amount / 1.12 x .01

Amount to be Collect = Invoice Amount less Withholding Tax