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Question 1 of 402

A Filipino citizen working abroad earned a gross income equivalent to PHP 4 million in 2024 from her employment and an additional PHP 1 million from properties leased in the Philippines. Assuming PHP 500,000 in allowable deductions from her foreign income and a standard deduction of 40% is applied to her local income, what is her final taxable income subject to the Philippines' income tax?

(Choose one correct answer)

PHP 4 million

PHP 3.6 million

PHP 4.5 million

PHP 3 million

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