3 Plutonic Inc had $600 milion in taxable income for the current year Plutonic also had an increase in deferred taxes of $70 millon and recognized tax expense of $120 million. The company is subject to a tax rate of 25%. The change in deferred tax assets ignoring any valuation allowance) was alan 500 Multiple Choice increase of $50 million ince of 5100 milion decrease of $50 milion 0 decrease of $100 milion 5