Answer:
salaries expense 800 debit
cash 800 credit
Explanation:
The 800 will be a salaries paid to the accountant.
It will have to post:
salaries expense 800 debit
cash 800 credit
The new time Jhon receive a paycheck this amount will be subtracted from his salaries to compensate.
The preparation of the CVP graph requires drawing a line representing the total revenue, total expense, and total fixed expense.
<h3>
What is the CVP Graph?</h3>
The CVP Graph, also known as a cost volume profit chart, is a graphical illustration that depicts the link between production costs and overall revenues.
The CVP graph is used by businesses to determine the possible impact of changes in volume sales on production process costs and total earnings.
In this scenario, the graph considers the total revenue, total expense, and total fixed expense.
Learn more about the CVP graph here:
brainly.com/question/26411668
Answer:
$20,000
Explanation:
Calculation for self-employment tax payment
Using this formula
Self-employment tax=Gross income-Deductible expenses paid in
Let plug in the formula
Self-employment tax= $26,000-$6,000
Self-employment tax=$20,000
Therefore She must pay on self-employment tax on:$20,000
Answer:
reduced economic activity and increased government borrowing
Explanation:
Expansionary fiscal policy increases the level of aggregate demand, through either increases in government spending or reductions in tax rates. Expansionary policy can do this by (1) increasing consumption by raising disposable income through cuts in personal income taxes or payroll taxes; (2) increasing investment spending by raising after-tax profits through cuts in business taxes; and (3) increasing government purchases through increased federal government spending on final goods and services and raising federal grants to state and local governments to increase their expenditures on final goods and services.
