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B. Mall Corporation's pretax book income was P1,400,000 for the year ended December 31, 2020. Mall's taxable income for 2020was P1,200,000 and the difference is

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B. Mall Corporation's pretax book income was P1,400,000 for the year ended December 31, 2020. Mall's taxable income for 2020was P1,200,000 and the difference is due to the following: Interest on government bonds Lower depreciation per books 60 000 140 000 200 000 Assuming an income tax rate of 40%, what is the current portion of Mall's total income tax expense for 2020? Include solutions. a. P456,000 c. P536,000 b. P480,000 d, P560,000

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