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Determine income tax payable under the current situation: Taxable income during the year: $220 million...

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Accounting

Determine income tax payable under the current situation:

Taxable income during the year: $220 million

Change in future taxable amounts during the year: $16 million

Tax rate: 25%.

a.

$51 million
b.

$55 million
c.

$59 million
d.

$4 million
e.

None of these answer choices are correct.

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