Question: For the current year ( $ in millions ) , Centipede Corporation had $ 1 4 4 in pretax accounting income. This included warranty expense

For the current year ($ in millions), Centipede Corporation had $144 in pretax accounting income. This included warranty expense of $8 and $19 in depreciation expense. $7 million of warranty costs were incurred, and depreciation deductions in the tax return amounted to $42. 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
$43.4 million
$30.5 million
$27.4 million
$24.9 million

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