FINACC

For the year ended December 31, 2020, Bakasa Inc. reported book income of 9,000,000 before income tax. Selected information for 2020 is as follows:

Interest income on government bonds 1,500,000

Depreciation per tax return in excess of per books 500,000

Warranty expense on the accrual basis 1,000,000

Actual warranty expenditures 300,000

Income tax payments 500,000

The Income tax rate is 30%

The current liability for 2020 income tax should be?