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A company reported annual income tax expense of $510,000 in 2019. During the year, income tax payable increased from a $37,200 beginning balance to a
A company reported annual income tax expense of $510,000 in 2019. During the year, income tax payable increased from a $37,200 beginning balance to a $52,800 ending balance. How much is cash paid for income taxes during the year?
Select one:
A. $494,400
B. $525,600
C. $457,200
D. $544,800
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