Question: 2) For the current year (S in millions), Centipede Corp. had $80 in pretax accounting income. This included warranty expense of S6 and $20 in

2) For the current year (S in millions), Centipede Corp. had $80 in pretax accounting income. This included warranty expense of S6 and $20 in depreciation expense. Two million (S2 million) of warranty costs were incurred, 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 of40%? 10) The Kelso Company had the following operating results: Year Income (loss Tax ratencome tax 0,00 45,00 2018(60,000D30% 10,500 first year of operation 13.50 What is the amount of income tax refund receivable for 2018? Page 1 of 1

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