Oracle Exam 1Z0-517 Topic 2 Question 79 Discussion

Actual exam question for Oracle's 1Z0-517 exam

Question #: 79
Topic #: 2

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.)

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)

Show Suggested Answer

Suggested Answer: D

by Theola at Feb 08, 2025, 06:17 PM

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Serina

11 days ago

Hmm, I'm a bit confused. Is the withholding tax calculated on the full invoice amount or just the remaining balance after the prepayment? I better double-check the details.

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Kate

15 days ago

I'm not sure about option C. The withholding tax seems to be calculated incorrectly there.

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Hyman

16 days ago

I agree with Pok. Option A seems to be the correct calculation.

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Wilburn

18 days ago

Hold up, I think C is also correct. The prepayment invoice for $100 is still subject to the 20% withholding tax, so that checks out.

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Heidy

5 days ago

B) invoice amount $400, prepayment invoice for $200, withholding tax $4 (20% of $200)

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Sanda

6 days ago

A) invoice amount $500, withholding tax $100 (20% of $500)

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Gerald

19 days ago

Okay, let's see... A, D, and E seem to be the correct answers. I'm pretty sure the withholding tax is calculated on the full invoice amount, not the prepayment portion.

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Pok

20 days ago

I think option A is correct because the withholding tax is 20% of the invoice amount.

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