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Problem 3. DEF University, a proprietary school with P50M total assets, had the following data in 2021: Tuition Fees Income P1,000,000 Rental Income from Commercial leasing 1,100,000 School Expenses 1,200,000 Capital outlays for new buildings 200,000 The school opted to claim the capital outlays as deductions in full in 2021. Q1. What is the income tax due of the school? Q2. Assuming the rental income was only P500,000. What is the income tax due? Q3. Assuming the school was a non-stock, non-profit school, what is the income tax due