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For the current year ($ in millions), Potato Bug Corp. had $80 in pretax accounting income. This included warranty expense of $6 and $20 in

For the current year ($ in millions), Potato Bug Corp. had $80 in pretax accounting income. This included warranty expense of $6 and $20 in depreciation expense. Two million in warranty costs were incurred, and MACRS depreciation amounted to $35. In the absence of other temporary or permanent differences, what is Potato Bug's income tax payable currently, assuming a tax rate of 40%? Question 18 options: A) $29.2 million B) $27.6 million C) $19.6 million D) $25.2 million

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