Baldwin Company's income statement reported income tax expense of $18,000. Income tax payable at the beginning of the year was $5,000. Income tax payable at the end of the year was $4,000. The cash paid for taxes was ________

Experience rating of the unemployment program has which of the following effects?

A) Penalizes good employers that never fire employees B) Encourages short-term layoffs and causes an unstable workforce C) Charges employers more when the economy is weak, thus charging for poor experience when companies can least afford it D) Provides funds to continue employment instead of dismissing employees

What type of account is a Bad Debts Expense?

A) Asset B) Expense C) Contra Asset D) Liability