Johnny, a mixed income earner has the following income for the year 2021:

Commission on sale of real property net of 5% withholding tax P 19,000

Salaries from employment 375,000

Dividends from a domestic corporation 25,000

Income from online selling, net of cost 155,000

Dividends from Foreign Corporation $ 1,000

Interest on bank deposits 5,000

Operating Expenses 39,500

Dollar rate per peso as of the date P 53.00

Required: 1. Compute for taxable net income of Johnny

2. Compute for Income tax of Johnny.