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Alamo Inc. had $330 million in taxable income for the current year. Alamo also had a decrease in deferred tax assets of $36 million and

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Alamo Inc. had $330 million in taxable income for the current year. Alamo also had a decrease in deferred tax assets of $36 million and an increase in deferred tax liabilities of $53 million. The company is subject to a tax rate of 40 %. The total income tax expense for the year was: Multiple Choice $221 million. $162 million. $198 million. $419 million

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