A company's income statement reported income tax expense of $200,000 during 2014. The deferred tax liability on the balance sheet increased $20,000 during 2014. How much was the company's tax liability during 2014?

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The Answer of A company's income statement reported income tax expense of $200,000 during 2014. The deferred tax liability on the balance sheet increased $20,000 during 2014. How much was the company's tax liability during 2014?

A Company's Income Statement Reported Income Tax Expense of $200,000