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Maine Corporation prepared the following: Pretax financial income for 2021 $ 1,500,000 Tax exempt interest (140,000) Originating temporary difference (300,000) The temporary difference will reverse

Maine Corporation prepared the following:

Pretax financial income for 2021 $ 1,500,000

Tax exempt interest (140,000)

Originating temporary difference (300,000)

The temporary difference will reverse evenly over the next three years at an enacted tax rate of 20%. The enacted tax rate for 2021 is 25%.

Compute Maines income tax payable for the year 2021.

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