At the end of the year, North Carolina Co. has pretax financial income of $550,000. Included in the $550,000 is $70,000 interest income on municipal bonds, $30,000 fine for dumping hazardous waste, and depreciation of $60,000. Depreciation for tax purposes is $45,000. Com- pute income taxes payable, assuming the tax rate is 30% for all periods.