DJ, single, had the following data for 2020 taxable year:

Gross business income, Philippines P1,000,000

Gross business income, USA 500,000

Business expenses, Philippines 700,000

Business expenses, USA 430,000

Compensation income, Philippines 600,000

Dividend income from a domestic corporation 50,000

Dividend income from a foreign corporation 40,000

Interest income from peso bank Deposit-Philippines 20,000

Interest income from bank deposit abroad 30,000

Interest income from FCDS deposits 40,000

Royalty income from composition 25,000

Raffle draw prizes 10,000

PCSO winnings 200,000

Creditable withholding taxes on business income 125,000

REQUIRED:

Determine the following assuming the taxpayer is a resident citizen:

1. Taxable Income b.Final taxes on Passive income