Identify the correct alternative that indicates the number of times each letter appears in the given word “INCIDENCE”.

Let's count the frequency of each letter in the word INCIDENCE:
* I: Appears at positions 1 and 4 $\to$ 2 times (${\text{I}}_2$)
* N: Appears at positions 2 and 7 $\to$ 2 times (${\text{N}}_2$)
* C: Appears at positions 3 and 8 $\to$ 2 times (${\text{C}}_2$)
* D: Appears at position 5 $\to$ 1 time (${\text{D}}_1$)
* E: Appears at positions 6 and 9 $\to$ 2 times (${\text{E}}_2$)

Combining these counts gives: ${\text{I}}_2{\text{N}}_2{\text{C}}_2{\text{D}}_1{\text{E}}_2$.
This perfectly matches option (B).