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Sneed Corporation reported balances in the following accounts for the current year: Income tax expense is 230 for the year, and the tax rate is
Sneed Corporation reported balances in the following accounts for the current year: Income tax expense is 230 for the year, and the tax rate is 25%. The firm does not have permanent difference during the year. What was the cash amount paid for taxes? $215. $220. $190. $195
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