Problem solving items 1 to 6 are based on the following information: ABC, a domestic corporation, has been assessed as retaining earning beyond reasonable needs of the business for the taxable year 2020, and is now subject to the improperly accumulated earnings tax. The records of the corporation show:     Gross Sales                                                                                                                                        P10,000,000 Sales Returns and Allowances                                                                                                               200,000 Sales Discount                                                                                                                                         400,000 Cost of Goods Sold                                                                                                                              2,200,000 Allowable Deductions                                                                                                                          3,400,000 Interest Income                From PNB, foreign currency                                                                                                   700,000                On notes receivable                                                                                                                 100,000                From BDO, checking account                                                                                                200,000 Royalties                                                                                                                                                  300,000 Dividend received                 From DEF, a domestic corporation                                                                                      200,000                From KLM, a foreign corporation                                                                                         100,000 Capital Gain on Shares:                 Sale of GHI Corporation shares, a domestic corporation, to a direct buyer            150,000 Capital Gain on sale of land:                  Net capital gain, located in Makati                                                                                     500,000                  Selling price of land located in Makati                                                                           4,000,000                  Fair Market Value                                                                                                              5,000,000 Dividend paid by ABC to its stockholders                                                                                         800,000 Amount retained for the business expansion                                                                                 1,000,000     What is taxable income for 2020? What is the Minimum corporate income tax? If the corporation, opts that the basis of their tax is their gross income, the income tax due is? What is the improperly accumulated earnings tax? What is the capital gains tax? What is the tax witheld?