Reference no: EM132788031

ERLDYOSA Corporation has the following income and expenses for the year 2019:

Gross Income, Philippines P 1,600,000

Gross Income, USA 400,000

Business Expenses, Philippines 500,000

Business Expenses, USA 200,000

Unallocated Business Expenses 150,000

Interest Expense, Philippines 100,000

Interest Expense, USA 50,000

Unallocated Interest Expenses 80,000

Requirements:

Problem 1: Assuming it is a domestic corporation, how much is the income tax due?