Question: Information for Hobson Corporation for the current year ( $ in millions ) : Income from continuing operations before tax $ 3 0 5 Loss
Information for Hobson Corporation for the current year $ in millions:
Income from continuing operations before tax $
Loss on discontinued operation pretax
Temporary differences all related to operating income:
Accrued warranty expense in excess of expense included in operating income
Depreciation deducted on tax return in excess of depreciation expense
Permanent differences all related to operating income:
Nondeductible portion of entertainment expense
The applicable enacted tax rate for all periods is
What is Hobson's income tax payable for the current year?
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