8. A closely-held corporation, deemed committed unreasonably accumulating its income, shows the following data: Paid-up capital P 10,000,000 Accumulated Earnings - unrestricted 8,000,000 Accumulated Earnings - restricted 2,000,000 Income tax per annual income tax return 300,000 Income tax for the first three quarters 240,000 Final tax on passive income at 20% 60,000 Capital gains tax at 15% 45,000 Compute the amount of improperly accumulated earnings tax (IAET)