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Marietta Corporation shows income tax expense of $240,000 in 2016. There has been a $20,000 decrease in federal income taxes payable and a $28,000 increase
Marietta Corporation shows income tax expense of $240,000 in 2016. There has been a $20,000 decrease in federal income taxes payable and a $28,000 increase in state income taxes payable during the year. What was Marietta Corporation's cash payment for income taxes?
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