Mr. Manny Lacson, a Filipino amateur boxer, joined an Olympic qualifying tournament held in Tokyo, Japan where he won the gold medal. Pleased with Mr. Lacson's accomplishment, the Philippine Government, through the Philippine Olympic Committee, awarded him a cash prize amounting to P1,000,000.00. Upon receipt e funds, he went to a casino in Pasay City won the P30,000,000.00 jackpot in the slot mach The next day, he went to a nearby Lotto outlet bought a Lotto ticket which won him a cash prize of/P5,000.00. Which of the above sums of money is/are subject to income tax? Explain