LJ, married, left the Philippines in the middle of the year on July 1, 2018 to go abroad and work there for five (5) years. The following data were provided as of December 31, 2018
For Jan 1 to June 30, the gross business income for Phls and abroad were 300000 and 200000, respectively, and the business expenses were 100000 and 50000 for Phls and abroad, respectively.
For July 1 to Dec 31 the gross business income for Phls and abroad were 600000 and 400000, respectively, and the business expenses were 150000 and 50000 for Phls and abroad, respectively.
His taxable income is?
I. 800000
II. 950000
III. 1100000
IV. 600000