Jazzy Company reported 900,000 income before provisions for income tax during the current year.

To compute the provision for income tax, the following data are provided:

Rent received in advance	150,000
Interest income on time deposit (permanent difference)	200,000
Depreciation deducted for income tax purposes in excess of depreciation for financial statement purposes	100,000
Estimated tax payment in the current year	125,000
Income tax rate	30%

What amount of income tax payable should be reported at year-end? Show your solution.

a. 210,000

b. 225,000

c. 125,000

d. 100,000