- Operating income and tax rates for C.J. Company's first three years of operations were as follows: Income _ Enacted tax rate 2020 $400,000 35% 2021 ($1,000,000) 30% 2022 $1,680,000 40% 2T Assuming that C.J. Company opts to carryback its 2021 NOL, what is the amount of income taxes payable at December 31, 2022