Amazing Company enjoys a profitable operation for its past ten years of existence. The company president proposed to the

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answerhappygod
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Amazing Company enjoys a profitable operation for its past ten years of existence. The company president proposed to the

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Amazing Company enjoys a profitable operation for its past ten
years of existence. The company president proposed to the Board of
Directors an incentive compensation plan where the general managers
would be entitled to a year-end bonus, to be paid on January 15 of
the following year, under the following schemes based on their
department performance:
The company’s profit before bonus and income tax for the year ended
December 31, 2021 is P8,000,000. The income tax rate is 25%.

How much is the total liability related to the above transactions
to be reported on December 31, 2021?
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