Compute the total income tax due

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Question - In 2021, Dean Luyang professor of accounting in one university, earned annual compensation of P1,050,000, inclusive of 13th month and other benefits in the amount of P120,000 but not mandatory contributions to SSS, Philhealth and Pagibig. Aside from employment income, she earned her profession as a CPA, with gross receipts of 3,540,000. His cost of services and other operating expenses amounted to P750,000 and P300,000, respectively, and with non-operating income of P200,000. Compute the total income tax due if he opted to be taxed at 8%.

Reference no: EM133100762

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