Below is information regarding ABCs first year of operations:

Pretax accounting income	$	300,000
Permanent difference		(15,000	)
		285,000
Temporary difference--depreciation		(20,000	)
Taxable income	$	265,000

The tax rate is 20%. No taxes have been paid yet. What should ABC report as income tax payable?

A) $60,000.

B) $57,000.

C) $53,000.

D) $4,000.

Can someone please explain how to do this problem. Thank you