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21) Texas Corporation prepared the following: Pretax financial income for 2021 $ 1,000,000 Tax exempt interest (200,000) Originating temporary difference (250,000) The temporary difference will

21) Texas Corporation prepared the following:

Pretax financial income for 2021 $ 1,000,000

Tax exempt interest (200,000)

Originating temporary difference (250,000)

The temporary difference will reverse evenly over the next two years at an enacted tax rate of 20%. The enacted tax rate for 2021 is 30%.

Compute Texass income tax payable for the year 2021.

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