Monty Corporation has one temporary difference at the end of 2020 that will reverse and cause taxable amounts of $58,100 in 2021, $62,900 in 2022, and $68,000 in 2023. Monty's pretax financial income for 2020 is $320,800, and the tax rate is 30% for all years. There are no deferred taxes at the beginning of 2020. (a) * Your answer is incorrect. Compute taxable income and income taxes payable for 2020. Taxable income 39540 Income taxes payable 96240 Activate Wir Go to Sessings