ANA operates a pet shop and at the same time offers interior design services to her clients. The following data were provided by ANA for 2020 taxable year: Pet Shop Gross sales, P1,800,000 Cost of sales, P600,000 Operating expenses, P200,000 Interior design services Gross receipts, P1,150,000 Cost of direct services, P120,000 Operating expenses, P80,000 Required: How much is her taxable income for 2020 ? How much is her income tax payable for the year ? Assuming ANA signifies her intention to be taxed at 8% income tax rate on her initial quarterly income tax return, how much is her income tax liability for the year

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