A taxpayer is married, with three minor children, provided the following data for 2018: Compensation income (10% represents SSS, Pag-IBIG, Philhealth & Union dues contributions) P275,000 Income from merchandising 3,500,000 Other income from merchandising 250,000 Expenses (15% represents personal expenses) 2,400,000 Income from treasury bills 100,000 Additional information: Va of business income and deductible business expenses is from outside the Philippines. If the taxpayer is a resident citizen, his taxable income is