Charmed Inc $$\begin{array} { | c | r | r | } \hline \text { Income Tax Expense } & 7,500 & \\\hline \text { Income Tax Payable } & & 7,500 \\\hline\end{array}$$

Charmed Inc.'s income before taxes is $720,000 and its tax rate is 25%. Charmed included $30,000 in non-deductible life insurance premiums in the $720,000. There are no other book-tax differences. What is the journal entry to record income tax expense?

A) $$\begin{array} { | c | r | r | } \hline \text { Income Tax Expense } & 7,500 & \\\hline \text { Income Tax Payable } & & 7,500 \\\hline\end{array}$$
B) $$\begin{array} { | c | r | r | } \hline \text { Income Tax Expense } & 172,500 & \\\hline \text { Income Tax Payable } & & 172,500 \\\hline\end{array}$$
C) $$\begin{array} { | c | r | r | } \hline \text { Income Tax Expense } & 180,000 & \\\hline \text { Income Tax Payable } & & 180,000 \\\hline\end{array}$$
D) $$\begin{array} { | c | r | r | } \hline \text { Income Tax Expense } & 187,500 & \\\hline \text { Income Tax Payable } & & 187,500 \\\hline\end{array}$$