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Lou earned the following passive income and capital gains in 2020: 1. P189,000 interest income from a currency (bank) deposit from ABC Bank. 2. P100,000

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Lou earned the following passive income and capital gains in 2020: 1. P189,000 interest income from a currency (bank) deposit from ABC Bank. 2. P100,000 cash dividend income from XYZ Corporation. 3. P2,500,000 as selling price of a parcel of land classified as a capital asset. The BIR zonal value is P1,800,000 and the fair market value based on the tax declaration is P1,200,000. Compute the tax due. Please provide the breakdown of your answer, including the tax rate as follows Ex. 1.P x%=P 2. P =P 3. P x%=P

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