Home Grocery Corporation reported the following in its 2017 financial statements. ..............................................2017................2016 Income tax payable...........$17,000............$8,000 Income tax

Question:

Home Grocery Corporation reported the following in its 2017 financial statements.

..............................................2017................2016

Income tax payable...........$17,000............$8,000

Income tax expense............90,000

Calculate the cash payments for income tax.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...