TB MC Qu. 16-71 (Algo) Pretax accounting income for the year

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?

Multiple Choice

• $17 million

• $14 million

• $20 million

• $12 million