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A company reported annual income tax expense of ( $ 328,000 ). During the year, income tax payable increased by ( $ 10,400 ) (from
A company reported annual income tax expense of \\( \\$ 328,000 \\). During the year, income tax payable increased by \\( \\$ 10,400 \\) (from a \\( \\$ 24,800 \\) beginning balance to a \\( \\$ 35,200 \\) ending balance). How much is cash paid for income taxes during the year? a) \\( \\$ 338,400 \\) b) \\( \\$ 292,800 \\) c) \\( \\$ 294,800 \\) d) \\( \\$ 317,600 \\)
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