How much cash was paid for income taxes


During a year, ABC Co reported income tax expense of $200,000. The amount of taxes currently payable remained unchanged from the begining to the end of the year. The deferred tax liabilty classified as non current that resulted from the use of MACRS for tax purposes and SL deprec for financial rpeorting purposes, increased from $40,000 at the beg of the year to $44,000 at end of year. How much cash was paid for income taxes during the year?

A) 156,000

B) 160,000

c) 196,000

D) 206,000

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Accounting Basics: How much cash was paid for income taxes
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