Pretax accounting income for the year ended December 31,2016,was $50 million for Truffles Company.Truffles' taxable income was $60 million.This was a result of differences between straight-line depreciation for financial reporting purposes and MACRS for tax purposes.The enacted tax rate is 30% for 2016 and 40% thereafter.What amount should Truffles report as the current portion of income tax expense for 2016?

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The Answer of Pretax accounting income for the year ended December 31,2016,was $50 million for Truffles Company.Truffles' taxable income was $60 million.This was a result of differences between straight-line depreciation for financial reporting purposes and MACRS for tax purposes.The enacted tax rate is 30% for 2016 and 40% thereafter.What amount should Truffles report as the current portion of income tax expense for 2016?

Pretax Accounting Income for the Year Ended December 31,2016,was $50