What was income tax payable currently

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Reference no: EM131221723

For the current year ($ in millions), Centipede Corp. had $82 in pretax accounting income. This included warranty expense of $7 and $15 in depreciation expense. 2 million of warranty costs were incurred, and MACRS depreciation amounted to $38. In the absence of other temporary or permanent differences, what was Centipede's income tax payable currently, assuming a tax rate of 40%? 30.0 Million 22.8 Million 14.6 Million 25.6 Million

Reference no: EM131221723

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