Example You are having new stables built to house your horses, and the total cost of the job is $125,000 including tax. You will pay this amount progressively over a five-month period. The first payment will include $25,000 less 10% of the total cost ($12,500), which is the amount you are withholding until the job is completed satisfactorily. The amount being withheld is entered as a negative amount. |