Business, 17.03.2020 02:23 datgamer13

Pretax accounting income for the year ended December 31, 2021, was $42 million for Truffles Company. Truffles' taxable income was $51 million. This was a result of differences between straight-line depreciation for financial reporting purposes and accelerated depreciation for tax purposes. The enacted tax rate is 25% for 2021 and 35% thereafter. What amount should Truffles report as the current portion of income tax expense for 2021? (Round your answer to the nearest whole million.)

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Pretax accounting income for the year ended December 31, 2021, was $42 million for Truffles Company....

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