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Compute the amount of income taxes paid in cash

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Reference no: EM132893067

Problem - Computing Cash Payments for Income Taxes - Visa Inc., a credit card company, reported income tax expense of $1,648 million for Year 1, comprising $1,346 million of current taxes and $302 million of deferred taxes. The balance sheet showed income taxes payable of $122 million at the beginning of Year 1 and $327 million at the end of Year 1. Compute the amount of income taxes paid in cash during Year 1.

Reference no: EM132893067

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