For the current year ($ in millions), Centipede Corporation had $166 in pretax accounting income. This included warranty expense of $8 and $12 in depreciation expense. $1 million of warranty costs were incurred, and depreciation deductions in the tax return amounted to $35. In the absence of other temporary or permanent differences, what was Centipede's income tax payable currently, assuming a tax rate of 25%? Multiple Choice O $30.5 million $37.5 million $53.2 million $33.8 million

For the current year (\$ in millions). Centipede Corporation had $166 in pretax accounting income, This included warranty expense of $8 and $12 in depreciation expense. $1 million of warranty costs were incurred, and depreciation deductions in the tax return amounted to $35, in the absence of other temporary or permanent differences, what was Centipede's income tax payable currently, assuming a tax rate of 25% ? Multiple Choice $305 milion $37.5 million $53.2 million 533.8 million