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Michael is a resident citizen. He was able to close a business deals. He closed the deal with a foreign corporation in the US

Michael is a resident citizen. He was able to close a business deals. He closed the deal with a foreign corporation in the US earning P2,000,000 from which he spent P1,500,000. He also closed the deal from a domestic corporation here earning P1,500,000 from which he spent P. 700,000 for the cost of the product he sold. How much is his Taxable Income?

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