Alamo inc had 600 million in taxable income for the current

Reference no: EM13604802

Alamo Inc. had $600 million in taxable income for the current year. Alamo also had an increase in deferred tax assets of $20 million and a decrease in deferred tax liabilities of $70 million. The Company is subject to a current tax rate of 40%. The total income tax expense for the year was how much?

Reference no: EM13604802

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