Ana, a self-employed resident citizen provided the following data for 2018 taxable year: Sales P2,800,000 Cost of sales 1,125,000 Business expenses 650,000 Interest income from peso bank deposit 80,000 Interest income from bank deposit under FCDS 120,000 Gain on sale of land in the Philippines held as capital asset with cost P1.5M when zonal is P1.2M 500,000 How much is the total income tax of Ana assuming she opted to be taxed at 8%?

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