Jolens Company reported pre-tax financial income of P6,200,000 for thecalendar year 2019. Included in the other income section of the incomestatement was P200,000 of interest revenue from government bonds heldby the entity which is non-taxable. The income statement also includeddepreciation expense of P500,000 for a machine that cost P3,000,000.For tax purposes, the depreciation for this machine is P600,000. The taxrate is 30% for 2019. How much is the current tax expense for 2019?
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