resident citizen, earning compensation and business income for 2020 as follows:

Compensation income	P800,000
Gross sales	2,500,000
Cost of sales	700,000
Operating expenses	300,000

Determine the income tax due.

Group of answer choices

200,000

586,000

580,000

620,000

Determine the income tax due assuming Lorna opted to be taxed using 8% preferential income tax.

Group of answer choices

Preferential tax not applicable

212,000

310,000

330,000