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Use the Following Information to Calculate Cash Paid for Income

Question 167

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Use the following information to calculate cash paid for income taxes:  Income tax expense $50,000 Income tax payable, January 19,000 Income tax payable, December 31 7,000\begin{array}{ll}\text { Income tax expense }&\$50,000\\\text { Income tax payable, January } 1 & 9,000 \\\text { Income tax payable, December 31 } & 7,000\end{array}
A) $57,000 \$ 57,000 .
B) $50,000 \$ 50,000 .
C) $59,000 \$ 59,000 .
D) $52,000 \$ 52,000 .
E) $48,000 \$ 48,000 .

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