$155 32 Income from continuing operations before tax Loss on discontinued operation (pretax) Temporary differences (all related to operating income) Accrued warranty expense in excess of expense included in operating income Depreciation deducted on tax return in excess of depreciation expense Permanent differences (all related to operating income) : Nondeductible portion of entertainment expense 10 25 5 The applicable enacted tax rate for all periods is 25%. What is Hobson's income tax payable for the current year? Multiple Choice $27.00 million $32.50 million. $33.75 million $28.25 million.