Mr. Hamilton received the following from his employer during the current taxable year: a. Basic monthly salary, P45,000; b. Monthly representation and traveling allowance not subject to liquidation, P10,000; C. Five percent commission on net sales. Sales during the year amounted to P6,300,000; sales returns, 250,000 and cost of sales were 40% of net sales. d. 13th month pay, Christmas bonus and productivity pay amounting to 120% of his basic monthly salary. How much is the income tax payable?

Select one:

a.142,450

b.194,950

c.185,950

d.178,750