Morgan Co. pretax income in 2020 is $4 million. The firm had net deductible temporary differences of $250,000 in 12/31/19 and $800,000 in 12/31/20. Included in the pre-tax income is tax-exempt income equal to $125,000 and nondeductible expenses equal to $80,000. In 2020, Morgan also paid $50,000 taxes on his 2018 income. Compute the following four questions: (the statutory rate is 21%)

Morgan Co.'s current tax liability for 2020.

Morgan's deferred tax expense (or benefit) for 2020

Morgan's tax provision for income taxes for 2020

Morgan's effective tax rate for 2020