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For the current years in millions). Centipede Corp had $156 in pretax accounting income. This included warranty expense of $7 and $15 in depreciation expense

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For the current years in millions). Centipede Corp had $156 in pretax accounting income. This included warranty expense of $7 and $15 in depreciation expense 2 million of warranty costs were incurred, and depreciation deductions in the tax return amounted to $38. 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 490 Mion 281 Mlon 345 Mon O 31 Mon $195 Pretax accounting income: Pretax accounting income included: Overweight fines (not deductible for tax purposes) Depreciation expense Depreciation in the tax return 5 70 110 The applicable tax rate is 25%. There are no other temporary or permanent differences. Franklin's net income ($ in millions) is: Multiple Choice O $134 O $475 O $156.25 $145

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