Answer:
$42,000
Explanation:
Deferred tax liability can be defined as the tax liability which has been due for the current period but has not yet been paid such as installment sales receivable.
Insurance expense of $210,000
Tax rate of 20%
( $210,000 × .20 )
=$42,000
Therefore the amount of the deferred tax liability at the end of 2021 will be $42,000
Answer:
Higher interest rates
Explanation:
Higher interest rates is compared to expansionary monetary policies adopted to counteract a recession as it helps to moderate a country's economic growth by raising the costs of borrowing, reduce consumer spending, improving exchange rates and reduce inflation.
High interest rates are commonly caused as a result of an increase in demand for credit or money.
<span>Women were able to find more employment on the in America during WW2, as many jobs typically staffed by men were being vacated due to the increased need for manpower in the military.</span>