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Mrs. Sanchez Mira had a gross taxable compensation income of P400,000. She also earned an additional P2,000 by investing her money in time deposits plus

Mrs. Sanchez Mira had a gross taxable compensation income of P400,000. She also earned an additional P2,000 by investing her money in time deposits plus P3,000 interest income from lending money to a friend. Compute her taxable income.

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