Information for Hobson Corp. for the current year ($ in millions):           Income from continuing operations before tax $ 160   Loss on discontinued operation (pretax)   20   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   25   Permanent differences (all related to operating income):       Nondeductible portion of entertainment expense   10      The applicable enacted tax rate for all periods is 40%.   How much tax expense on income from continuing operations would be reported in Hobson's income statement? multiple choice: a. 66 million b. 64 million c. 68 million d. 44 million   I have tried several different ways but none of them come up with answers close to any of the ones to choose from.

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Deferred Tax

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