For the current year ($ in millions), Centipede Corp. had $80 in pretax accounting income. Thisincluded bad debt expense of $6 based on the allowance method, and $20 in depreciation expense. Two million in receivables were written off as uncollectible, and MACRS depreciation 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 40%?
a. 27.6 million
b. 25.2 million
c. 19.6 million
d. 29.2 million