Information for Hobson Corp. for the current year ($ in millions) Income from continuing operations before tax Loss on discontinued operation (pretax) $220 60 Temporary differences (all related to operating income): Accrued warranty expense in excess of expense included in operating income 20 Depreciation deducted on tax return in excess of depreciation expense 20 Permanent differences (all related to operating income): Nondeductible portion of entertainment expense 10 The applicable enacted tax rate for all periods is 40 % unti What is Hobson's income tax payable for the current year? Multiple Choice $60 million Resume The applicable enacted tax rate for all periods is 40 % What is Hobson's income tax payable for the current year? Multiple Choice $60 million. $68 milion, $96 million. $72 million Res