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A review of Companys income tax footnote for the year ending 12/31/Year 1 reveals the following: Income tax expense: Current portion $150 Deferred benefit.. (30)

A review of Companys income tax footnote for the year ending 12/31/Year 1 reveals the following:

Income tax expense:

Current portion $150

Deferred benefit.. (30)

Total......... $120

Determine the amount of taxes paid or payable to the government for Year 1.

a. $180

b. $150

c. $30 refund

d. $120

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