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3 2 % . On January 1 of the current year, a new tax law was enacted, reducing the rate to 3 0 % effective

32%. On January 1 of the current year, a new tax law was enacted, reducing the rate to 30% effective immediately. Fama's income tax payable for the current year would be Note: Round your answer to the nearest whole million.
Multiple Choice
$42 million.
$99 million
$49 million.
$39 million.
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