Ms. Perry operates a convenience store while she offers bookkeeping services to her clients. In 2020, her gross sales amounted to P1,500,000.00, in addition to her receipts from bookkeeping services of P600,000.00. She already signified her intention to be taxed at 8% income tax rate in her 1st quarter return.   REQUIRED: Compute the tax liability of Ms. Perry for the year 2020

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