C. N, married, resident citizen had the following for 2020: a.) Business Income a. Rental income from real property, net of 5% withholding tax P285,000 Real property tax paid by the lessor 50,000 Note: the lessee reimbursed 50% of the tax, as per agreement in the lease contract Deductible expense 120,000 b. Rental income from real property, net of 5% withholding tax P142,500 Real property tax paid by the lessor 20,000 Note: the lessee reimbursed 100% of the tax, as per agreement in the lease contract Deductible expense 40,000 b.) Sale of capital assets: (use cost to compute loss) a. Shares of ABC (domestic), not traded: Selling price P300,000 Cost (2004) 180,000 b. Shares of DEF (domestic), traded: Selling price P100,000 Cost (2012) 150,000 c. Shares of XYZ (foreign) Selling price P500,000 Cost (2000) 100,000 d. Vacant lot Selling price Cost (2000) P800,000 200,000 e. Toyota car Selling price Cost (2000) P100,000 300,000 c.) In 2000, he purchased shares of A Corporation for P50,000 which became worthless and was written of in 2020. Determine the taxable income, subject to regular income tax, of N