Giada Foods reported $960 million in income before income taxes for 2018, its first year of operations. Tax depreciation exceeded depreciation for financial reporting purposes by $110 million. The company also had non-tax-deductible expenses of $88 million relating to permanent differences. The income tax rate for 2018 was 35 % , but the enacted rate for years after 2018 is 40 %. The balance in the deferred tax liability in the December 31, 2018, balance sheet is: unt Multiple Choice untitle $62 million. untitled f $18 million. $38 milion $44 million Resume 1pdf