Alamo Inc. had $380 million in taxable income for the current year. Alamo also had a decrease in deferred tax assets of $29 million and an increase in deferred tax liabilities of $66 million. The company is subject to a tax rate of 25%. The total income tax expense for the year was:

Multiple Choice

• $190 million.

• $218 million.

• $475 million.

• $247 million.