Gross pay

Less: CWT

SSS Premiums and union dues

Net pay

The amount she received from Wednesday Corporation is inclusive of $13$th Month Pay and other benefits of P$65,000.$

During the year, she also received P$3,000$ interest income from her peso account deposit in Development Bank of the Philippines $($DBP$),$ and

P$250,000$ in royalties from her composition of the song entitled "The Burton."

Calculate her tax payable or refundable in the $2$nd Quarter Income Tax Return if she elected the $8\%$ income tax rate.

$100,000$

$(30,000)$

$22,500$

$(45,000)$