VAAP Corp.'s 2014 income statement showed pretax accounting income of $1,000,000. To compute the federal income tax liability, the following data are provided:

Income from tax exempt municipal bonds	$ 10,000
Depreciation deducted for tax purposes in excess of depreciation deducted for financial statement purposes	$14,000
Litigation accruals recognized in financial income in excess of amounts deductible for tax purposes	$24,000

Assume that the enacted corporate income tax rate is 30%. Show computations to determine the amount of current federal income taxes payable.