Question: Question 5I'm confused by this Saved Help Save & Exit For the current year ($ in millions), Centipede Corp. had $80 in pretax accounting income.

Question 5I'm confused by this

Question 5I'm confused by this Saved Help Save &
Saved Help Save & Exit For the current year ($ in millions), Centipede Corp. had $80 in pretax accounting income. This included warranty expense of $7 and $20 in depreciation expense. Two million of warranty costs were incurred, and depreciation deductions in the tax return 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 25%? Multiple Choice O 15.75 million. O 17.5 million

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