From the data below, how much is subject to regular income tax? * Description Interest income on savings deposits in local banks Income from sale of lot held for investment, located IN Compensation income Income from legitimate business Income from illegal business Income from sale of machine not used in business 2020 P3,000 320,000 200,000 400,000 800,000 40,000 A taxpayer providing services provided the following: Description Payment of expenses current period Expenses incurred but unpaid Payment of 2019 incurred expenses Advances for expenses incurred in the following year How much is the total deductions for expenses under the accrual method? 200,000 2020 2019 P400,000 P600,000 250,000 150,000 100,000 300,000