1. Peter Senen, single has the following income and expenses for the year 2020.

Professional income, net of P60,000 withholding tax P540,000

Rental income (net) 47,500

Rewards as BIR informer 30,000

Wagering gains 50,000

Kickbacks received from suppliers of clients 40,000

Interest income on time deposit (net) 32,000

Dividend income from domestic corporations 75,000

Professional expenses 325,000

Household expenses 24,000

Premium payment on health insurance 4,000

Facilitation fees paid to government agencies 15,000

How much is the taxable income subject to basic tax for the year 2020? ______________

2. Ethel is a self -employed professional. She provided the following information for 2020 taxable year:

Gross sales P1,650,000

Cost of sales 500,000

Business Expenses 425,000

Rental income (net) 308,750

Philippine Charity sweepstakes winnings 500,000

Royalty income-books 120,000

Other royalty income-Philippines 60,000

Dividend income-domestic corporations 40,000

Interest Income-PNB-Manila 100,000

Interest income received from a foreign currency

Deposit-Philippines 50,000

Creditable withholding tax from business income 65,000

Quarterly tax payments 82,500

How much is the income tax payable of Ethel for the year 2020? ________________