A domestic corporation has the following data for the fiscal year starting June 1,2008 and ending May 31, 2009:
Gross income, Philippines P 5,000,000
Gross income, USA 10,000,000
Deductions, Philippines 2,000,000
Deductions, USA 4,000,000

How much is the income tax due for the fiscal year ending May 31, 2009?
a. P 3,150,000
b. P 2,962,500
c. P 2,880,000
d. P 2,700,000