Chapter 16, Problem 21QS

On December 31, 2018, Blackpink Company, a financing institution lent ₱15,000,000 to YG Corp.  due 3 years after. The loan is supported by an 12% note receivable. Based on the company’s  initial estimates the present value of the 12 months expected credit loss (ECL) discounted at 10%  is at 2,000,000. The probability of default (PD) is at 7%.  Blackpink Company was able to collect interest as it became due at the end of 2019. There was no  evidence of significant increase in credit risk by the end 2019 and that the receivable is  determined to have “low credit risk”. There were no changes in its initial estimate of the 12  months expected credit loss either.  By the end of 2020, Blackpink Company was able to collect interest as it became due. Based on  available forward-looking information (determinable without undue cost or effort), however, there  is evidence that there was a significant increase in credit risk by the end of 2020. Blackpink  Company therefore had to change its basis…

Need correct answer general accounting question

Calculate Federal Income Tax Withholding Using the Percentage Method (Pre-2020 Form W-4) Publication 15-T.  round to two decimal places at each calculation