Description	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter
Sales - Goods	345,000	452,000	450,000	600,000
Sales - Services	160,000	280,000	350,000	360,000
Sales Returns and Allowances	51,750	67,800	67,500	90,000
Cost of Sales - Goods	205,000	253,000	365,000	454,000
Cost of Services - Services	40,000	70,000	87,500	90,000
Deductions
Salaries, Wages, and Allowances	75,000	75,000	75,000	90,000
Depreciation	50,000	50,000	50,000	50,000
Taxes and Licenses	5,000	-	-	-
Government Contributions	15,000	15,000	15,000	15,000
BIR Form 2307 Received
1% Withholding Tax on Sale of Goods	?	?	?	?
2% Withholding Tax on Sale of Services	?	?	?	?

Additional Information:

• Taxpayer Classification: Resident Citizen
• Earning Purely Business Income
• Revenue District Office: RDO 027
• TIN: 009-564-226-00000
• For The Year 2020
• Name: Juan Juan
• Caloocan City, 1428
• Birthday: December 01, 1989

Using BIR Form No. 1701Q, what information should be indicated in Part V - Schedule I - Line Item 45A for the third quarter if he opted to use the Graduated Rate and Itemized Deduction Method?

a. P264,450

b. P201,200

c. P404,450

d. P140,000

Using BIR Form No. 1701Q, what information should be indicated in Part V - Schedule III - Line Item 62A for the third quarter if he opted to use the Graduated Rate and Itemized Deduction Method?

a. P28,270

b. P11,500

c. P14,390

d. P16,770

Using BIR Form No. 1701, what information should be indicated in Part V - Schedule 4 - Line Item 18A for the taxable year 2020 if he opted to use the Graduated Rate and Itemized Deduction Method?

a. P580,000

b. - P155,000

c. - P580,000

d. P155,000

Using BIR Form No. 1701, what information should be indicated in Part II - Line Item 32 for the taxable year 2020 if he opted to use the Graduated Rate and Itemized Deduction Method?

a. P32,393

b. P29,550

c. P0

d. P73,863