P10.16.

Matatag Corporation, a domestic corporation with total assets of P50,000,000

provided the following results of operations for 2021 taxable year:
Sales
Cost of sales
P6,200,000
2,500,000
ADDITIONAL INFORMATION:
ABC Corporation: The ratio of gross income derived in the Philippines over total
gross income was 60%.
DEF Corporation:
Matatag holds directly 25% in value of the outstanding shares of DEF.
The dividends received were reinvested in the business operations of Matag
Corporation for its working capital requirements in 2022.
DETERMINE THE FOLLOWING:
a. Income tax payable in 2021 2,700,000
BTotal Final tax on passive income 29,000
C.Total capital gains tax 362,250