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In 2020, Rocket inc. had reported a deferred tax asset of $106 million with no valuation allowance. At December 31, 2021, the account bolances of

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In 2020, Rocket inc. had reported a deferred tax asset of $106 million with no valuation allowance. At December 31, 2021, the account bolances of Rocket. showed a deferred tax asset of $140 million before assessing the need for a valuation allowance and income taxes payable of $84 million. Rocket determined that it was more likely than not that 30% of the deferred tax asset uitimately would not be realized. Rocket does not have any deferred tax liobiity at the beginning or ending of the year 2021 . Rocket made no estimated tax payments during 2021. What amount should Rocket report as income: tax expense in its 2021 income statement? (Round your calculations to the nearest whole million.) Muluple Choice 5124 midon $84 milion $92 millon 352 milion

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