Beane Corporation shows income tax expense of $82000. There has been a $6000 decrease in federal income taxes payable and a $7000 increase in state income taxes payable during the year. What was Beane's cash payment for income taxes?

A) $82000
B) $81000
C) $76000
D) $95000

Income Tax Expense

The cost to a company for income taxes owed to federal, state, and local governments, recorded as a financial expense in accounting.

Federal Income Taxes

Taxes levied by the federal government on annual income earned by individuals, corporations, trusts, and other legal entities.

State Income Taxes

Taxes imposed by individual states on the income earned by individuals and entities within their jurisdiction.