I am looking for the correct answer to this financial accounting question with appropriate explanations. Brightview Technologies paid $145 million in income taxesduring the year.Income taxes payable at the beginning of the year were $82million, and $26 million at the end of the year.There were no deferred taxes.What was the income tax expense reported on its incomestatement for the year?

Step 1: Definition of Income Tax ExpenseIncome Tax Expense is the total estimated amount a company…

Answered: Brightview Technologies paid $145…

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter5: Unemployment Compensation Taxes

Section: Chapter Questions

Problem 5PA

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Brightview Technologies paid $145 million in income taxes during the year. Income taxes payable at the beginning of the year were $82 million, and $26 million at the end of the year. There were no deferred taxes. What was the income tax expense reported on its income statement for the year?