1.Bahala College, a proprietary educational institution provided the following data for 2018:

Income from tuition feesP3,000,000

School miscellaneous fees250,000

Income from canteen operations750,000

Dividend Income:

Domestic Corporation100,000

Foreign Corporation50,000

Rent Income (net)5,700,000

Operating Expenses4,125,000

Quarterly Income tax payments250,000

The income tax payable of the school is:

a)P37,500

b)P337,750

c)P1,212,500

d)P1,227,500