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What the total income tax expense for the year

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Question - Pupil Inc. had $300 million in taxable income for the current year. Pupil also had a decrease in deferred tax assets of $30 million and an increase in deferred tax liabilities of $60 million. The company is subject to a tax rate of 40%. What the total income tax expense for the year?

A) $210 million.

B) $180 million.

C) $150 million.

D) $390 million.

Reference no: EM133119080

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