Compute the amount of income taxes paid in cash

Reference no: EM13901472

COMPUTING CASH PAYMENTS FOR INCOME TAXES. Visa Inc., the credit card company, reported income tax expense of $1,648 million for 2008, 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 2008 and $327 million at the end of 2008. Compute the amount of income taxes paid in cash during 2008.

Reference no: EM13901472

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