II. PROBLEM SOLVING. Analyze the statement and comply of what is being asked., (25 points) 1. Ms. Melissa, a public school teacher, is married to a farmer. Her gross compensation income for the taxable year amounted to P340,000.00. The couple has six (6) qualified dependent and she paid health insurance premium of P5,000.00 REQUIRED: 1. Compute the deduction for basic exemption, additional exemption and health insurance payment. (25 points)