Patnode recorded a 2005 tax expense of $3,000. What amount did it pay to the tax authorities during 2005? Taxes payable is $9400.
A $2,400
B $7,000
C $600
D $5,400
I am really confused here, I think the answer might be a or d. I don't know how to actually calculate this. Is there a formula to use. Please help.