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Sneed Corporation balances in the following accounts for the current year: Income tax payable Beginning $58 , Ending $38 Deferred tax liability Beginning $82, Ending
Sneed Corporation balances in the following accounts for the current year:
Income tax payable Beginning $58 , Ending $38
Deferred tax liability Beginning $82, Ending $146
Income tax expense was $236 for the year.
What was the amount paid for taxes?
A.) $198
B.) $294
C.) $256
D.) $192
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