An individual (Resident citizen) earning compensation and business income provided the following income (within the Philippines unless otherwise stated) for the year:

Basic salary (Net of withholding tax)	500,000
Withholding tax on salary	50,000
Director's fee	200,000
Business income	350,000
Rental income (net of 10,000 expanded withholding tax)	190,000
Business expenses	125,000
Cash dividend from domestic corporation	60,000
Cash dividend from domestic resident foreign corporation	50,000
Stock dividend from a domestic corporation	40,000
Interest from savings deposit	20,000
Royalties from book publications	50,000
Prizes from contest won	50,000
PCSO winnings	50,000
13th month pay	25,000
Christmas bonus	24,000
Mid-year bonus	15,000
Compensation on damages from injuries and sickness	85,000
Proceeds from life insurance coverage of his deceased father	300,000
Vacation and sick leave pay	20,000
Unused monetized vacation leave in excess of 10 days allowed de minimis benefit	10,000
Proceeds from his life insurance (80,000 represents his total contribution)	200,000
Bad debt recovery (From a previous write-off with a net income of 30,000 before write-off)	60,000
Local tax refund	15,000
Prizes received from a charitable activity	10,000
Properties received by gratuitous transfer (income from property, 5,000)	22,000

Determine the final tax on passive income.