Orwell Ltd. has taxable income of 482,000 and pretax accounting income of 566,000. Assuming the statutory tax rate is 35% and there are no permanent differences, Orwell Ltd will: Question 8 Select one: a. Decrease income tax payable by 168,700 b. Record Income Tax Expense of 198,100 c. Increase income tax payable by 198,100 d. Increase Income tax payable by 168,700 e. b) and d) are correct