Before considering a net operating loss carryforward of $82 million, Fama Corporation reported $280 million of pretax accounting and taxable income in the current year. The income tax rate for all previous years was 31%. On January 1 of the current year, a new tax law was enacted, reducing the rate to 28% effective immediately. Fama's income tax payable for the current year would be: (Round your answer to the nearest whole million.) Multiple Choice $61 million S63 mon $112 milion 485 n