Question: Mr. Sanchez operates a convenience store while she offers bookkeeping services to her clients. In 2024, her gross sales amounted to 2,100,000, in addition to

Mr. Sanchez operates a convenience store while she offers bookkeeping services to her clients. In 2024, her gross sales amounted to 2,100,000, in addition to her receipts from bookkeeping services of 250,000. She already signified her intention to be taxed at 8% income tax rate in her 1st quarter return. How much is income tax liability?

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