Use the Following Information to Answer Questions Below

Multiple Choice

Use the following information to answer questions below
Caroline Company began operations in 2015. The company reported $128,000 of depreciation expense on its income statement in 2015 and $84,000 in 2016. On its tax returns, the company deducted $192,000 for depreciation in 2015 and $112,000 in 2016. The 2016 tax return shows a tax obligation (liability) of $132,000 based on a 40% tax rate.
-What is Caroline's income tax expense for 2016?

A) $ 76,800
B) $143,200
C) $ 44,800
D) $ 99,200