1. Mr. ABC, a resident Filipino Citizen, shows his income and expenses during a calendar year:

Compensation income Gross compensation income per month P 50,000 Total SSS premium contribution 2.400 Total Philhealth premium contribution 3,000 Total Pag-IBIG premium contributions 1,200 Union dues 2,000 Other benefits received by employees: Annual rice subsidy 18.000 Annual clothing allowance 14.000 Temporary housing for 3 months 15,000 Christmas gift 5,000 Christmas bonus 20,000 Other Income Rent Income per month from leasing a residential space 50,000 Operating Expenses per month (with receipts) 25.000Gross Sale 400,000 Cost of Sale 100,000 Long term capital gain 10,000 Short term capital loss 5,000 Dividend from domestic corporation 15,000 Operating expenses 20,000 Interest Income from foreign bank deposit 10,000 Assuming ABC is a resident citizen with two dependents including her senior citizen mother, how much is her taxable income using optional standard deduction