20. Assuming Pasang Awa Corporation is a REGULAR DOMESTIC CORPORATION, compute the regular income tax due. * A. P 350,000 B. P 100,000 C. P 1,250,000 D. P0 21 Assuming Pasang Awa Corporation is a REGULAR NON-RESIDENT CORPORATION, compute the final income tax due. * A. P 350,000 B. P 100,000 C. P 1,250,000 D. P0

For items 20-21. PASANG AWA Corporation is in its 2nd year of operations and has the following income earned within the Philippines: Gross Income Net Taxable Income P 5,000,000 P 1,400,000