The journal entry to recognize Baginski’s 2025 tax expense includes a Debit to Income tax expense and Credit to Income tax payable.
<h3>What is a tax expense or benefit?</h3>
The tax expense refers to the total amount of taxes owed by an individual, corporation or other entity to a taxing authority while the tax benefit refers to the refers to any tax law that helps one reduce tax liability.
In accounting, the companies record an income tax expense as a debit and income tax payable as a credit in journal entries.
<h3>Journal entry to recognize Baginski’s 2025 tax expense or tax benefit.</h3>
Date General Journal Debit Credit
Income tax expense $62,500
($250,000 * 25%)
Income tax payable $62,500
(To record the tax expense for 2025)
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Answer:
Sometimes called major–minor tonality, this system uses the notes of the major and minor scales (which are diatonic scales—i.e., comprise five whole tones and two semitones) plus optional auxiliary, or chromatic, notes as the raw material with which to build melodies and chords.
The minor tonality is generally thought of as serious, sad or dark sounding. Songs that are intense, bold or dark tend to use the minor tonality. A rapper detailing his or her hardships of street life is typically better suited by the minor tonality.
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