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5.Pretax accounting income for the year ended December 31, 2021, was $49 million for Truffles Company. Truffles'taxable income was $57 million. This was a result

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5.Pretax accounting income for the year ended December 31, 2021, was $49 million for Truffles Company. Truffles'taxable income was $57 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 Multiple Choice $14 million $12 million $17 million $20 million 6.Assume that Puritan Corp. operates in an industry for which NOL carryback is allowed. Puritan Corp. reported the following pretax accounting income and taxable income for its first three years of operations: $ 2020 2021 2022 352,000 (582,000) 795,000 Puritan's tax rate is 34% for all years. Puritan elected a loss carryback. As of December 31, 2021. Puritan was certain that it would recover the full tax benefit of the NOL that remained after the operating loss carryback. What did Puritan report on December 31, 2021, as the deferred tax asset for the NOL carryforward? a. $270,300 b. $78,200. c.576,750. d. $0

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