Pretax financial statement income tor the year ended December 1, 2021, was 50 millon tor Patrick Company. Patrick's taxable income was 40 million. This was a result of differences between depreciaton for financial reporting purposes and tax purposes. The enacted tax rate is 25% for 2021 and 30% thereafter. What amount should Patrick report as the current portion of income tax expense for 2021?

$12 million

12.5 million

10 million

15 million

Puetas financial Matement income for the year ended December 31, 2021, was $50 million for Patrick Company Patrick's taxable income was $40 million. This was a result of differences between depreciation for financial reporting purposes and tax purposes. The enacted tax rate is 25% for 2021 and 301 thereafter. What amount should Patrick report as the current portion of income tax expense for 2021 $1. willen $12 million $10 milho $15 milion The come for the year ended December 31, 2021. W 550 million for Patrick Company Pickable income to million. The war of differences bet Sampering purposes and expurposes. The tached tax rate : 259 for 2021 and 30% thereafter Whiteould Pick reports the current portion of income tax expre S12 min 1125 million 30 min