2. Assume that Mr. TD, a resident citizen employee, has the following compensation income for year 2022: Compensation income- Annual basic salary Allowances 13th month pay Christmas bonus Cash gift Productivity incentive Gross compensation income SSS and other contributions - SSS premium contribution PHIC contribution Pag-ibig contribution Required: Compute income tax payable by Mr. TD for year 2022. P 720,000 75,000 60,000 60,000 5,000 5,000 925,000 10,800 14,400 1,200

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