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1 of 10 < > View Policies -/1E Current Attempt in Progress In 2025, Culver Corporation had pretax financial income of $164,000 and taxable income

1 of 10 < > View Policies -/1E Current Attempt in Progress In 2025, Culver Corporation had pretax financial income of $164,000 and taxable income of $111,000. The difference is due to the use of different depreciation methods for tax and accounting purposes. The effective tax rate is 20%. Compute the amount to be reported as income taxes payable at December 31, 2025. Income taxes payable at December 31, 2025 $

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