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Lynna [10]
2 years ago
11

These are just points if you want them

Arts
2 answers:
Tju [1.3M]2 years ago
8 0

Answer:

yayyy thank u

Explanation:

MA_775_DIABLO [31]2 years ago
4 0

ok, lol XD, thank you........

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<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)

Read more about tax expense

brainly.com/question/22929491

#SPJ1

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