Answer:
Government's tax revenues would decrease by $1,250
Explanation:
Please refer the complete question below
Song earns $100,000 taxable income as an interior designer and is taxed at an average rate of 20 percent (i.e., $20,000 of tax). Answer the questions below assuming that Congress increases the income tax rate such that Song's average tax rate increases from 20 percent to 25 percent.
What will happen to the government’s tax revenues if Song chooses to spend more time pursuing her other passions besides work in response to the tax rate change and therefore earns only $75,000 in taxable income
If Song opts for pursuing his other passions he will end up earning $75,000 and therefore since the tax rate is now 25% he will have to pay $18,750 ($75,000 x 25%) as against the $20,000 ($100,000 x 20%) taxed previously and hence government's tax revenues would decrease by $1,250 ($20,000 - $18,750).
Answer:
The answer is below;
Explanation:
b. Allowance for Doubtful Accounts Dr.$4,000
Bad Debts Cr.$4,000
c. Bad Debt Expense Dr.$5,000
Account Receivable Cr.$5,000
d. 1)Account Receivable Dr.$5,000
Bad Debt Expense Cr.$5,000
2)Cash Dr.$5,000
Account Receivable Cr.$,5000
Answer:
Answer in explanation.
Explanation:
I think that celebrities bother to involve themselves in politics to try and make a statement or gain more fame and followers. Oftentimes, you see celebrities speaking on world events such as the BLM act, global warming, wildfires, or the pandemic that is still ablaze. As we all know, all politicians have their strong opinions but the points do not always get across when just the politicians talk about it. Sometimes, celebrities feel the need to speak on a topic that may be popular in the world of politics just to shine a light on it or even to get more attention. In conclusion, I feel that celebrities try to worm their way into politics because I believe that they think that it will make an impact.
Answer:SBA Loans for Restaurants. ...
Restaurant Equipment Financing. ...
(Unsecured or Secured) Business Lines of Credit. ...
Unsecured Restaurant Business Loans. ...
Restaurant Cash Advances.
Explanation: