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Alamo Inc. had $370 million in taxable income for the current year. Alamo also had a decrease in deferred tax assets of $21 million and

Alamo Inc. had $370 million in taxable income for the current year. Alamo also had a decrease in deferred tax assets of $21 million and an increase in deferred tax liabilities of $57 million. The company is subject to a tax rate of 40%. The total income tax expense for the year was:

a) $226 million.
b) $201 million.
c) $448 million.
d) $222 million.

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