Pablito owns and operates a taxi unit. He also teaches as a professor in Saint Louis University. He is also a practicing lawyer in Baguio City. Due to his high gross receipts, Pablito registered as a VAT-taxpayer. In March 2020, he earned P45,000 compensation income, gross receipts from taxi of P60,000 and receipts from professional fees of P250,000. How much of the total receipts is exempt from business tax? * PP310,000 P60,000 O P250,000 P45,000

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