Which of the following is most closely associated with the B2C2C concept?

Which of the following would be included in the journal entry to record the payment of sales tax payable?

A) a debit to Sales Tax Payable B) a credit to Sales Tax Expense C) a debit to Sales Tax Expense D) a credit to Sales Tax Payable

Given the choice between a $1 tax deduction and a $1 tax credit, you should

A) always prefer the tax credit. B) always prefer the tax deduction. C) be indifferent between the two. D) prefer the deduction only if your are in a high marginal tax bracket.