Problem-Solving on Income Taxation for Individuals Mr. Sanchez, a Filipino, had the following information for the year 2022: Annual compensation of P1,000,000, inclusive of 13th month pay and other benefits amounted P200,000, but net of mandatory contributions to SSS, PhilHealth and HDMF. Gross sales on its general merchandising business amounted P3,000,000. Total expenses incurred during the year amounted P2,000,000. Lotto winnings of P400,000 (gross of any final taxes) as he is one of the 436 winners of 6/52 PCSO Lotto. Receipt of P150,000 cash regarding the sale of ABS Co. shares (a domestic company not listed in Philippine Stock Exchange). The cost of shares at the time of sale is P102,000. Sale of his land in Batangas classified as capital asset with gross selling price of P2,000,000. The lands fair value as assessed by the BIR amounted P2,200,000. Cash received from a raffle draw amounted P50,000 (no tax included). Required: Answer the following. 1. Calculate the following based on Philippines taxation: a. Income tax subject to graduated rates b. Final tax on passive income c. Capital gains tax on sale of shares of stock d. Capital gains tax on sale of real property 2. Will Mr. Sanchez be eligible to avail the 8% optional income tax regarding his income from business? If yes, calculate the total income tax due (only for compensation and business). NOTE : DO NOT COPY PASTE OTHER ANSWER AND PROVIDE STEP BY STEP SOLUTION WITH EXPLANATION OR I WILL DOUNVOTE.