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6. McGee Company deducts insurance expense of $114,000 for tax purposes in 2008, but the expense i not yet recognized for accounting purposes. In 2009,

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6. McGee Company deducts insurance expense of $114,000 for tax purposes in 2008, but the expense i not yet recognized for accounting purposes. In 2009, 2010, and 2011, no insurance expense wi deducted for tax purposes, but $38,000 of insurance expense will be reported for accounting purpon in each of these years. McGee Company has a tax rate of 30% and income taxes payable d at the end of 2008. There were no deferred taxes at the beginning of 2008. What is income tax expense for 20087 a. $105,600 b. $89,200 of $89,200 the amount G c. $123,400 d. $55,000 E. None of these answer choices is correct

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