How much is the income tax payable of the corporation?

SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter16: Multijurisdictional Taxation
Section: Chapter Questions
Problem 18P
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A resident international carrier has the following data for the current year:

Gross income of P10,000,000 and expenses of P6,000,000 from the Philippines;

Gross income of P5,000,000 and expenses of P1,000,000 from Hongkong.

How much is the income tax payable of the corporation? 

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