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Jacob was an OFW employed by I-Tech Corporation in the USA. Jacob retired and returned to permanently settle in the Philippines. He is paid a

Jacob was an OFW employed by I-Tech Corporation in the USA. Jacob retired and returned to permanently settle in the Philippines. He is paid a $2,000 monthly pension from I-tech's pension fund and another $1000 monthly benefit from the US Social Security benefit.

) How much is the taxable income?

*Based on Philippine Tax Law

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