They calculate the average daily balance by totaling the amount owed at the end of each day and dividing by 30 — the average number of days in a month or billing cycle. (growingfamilybenefits.com)
Total amount owed counts for 30 % and takes into account the percentage of credit available to a person that is currently being used, which is known as credit utilization. (investopedia.com)
The withholding tables which are triggered by the numbers and terms you put on the W - 4 are used to get your withholding close to the eventual total amount owed. (money.stackexchange.com)