1. Cameron D., a sole proprietor has the following data in 2021 for the first year of merchandising: Gross sales - P300,000; Cost of Sales - P150,000; Other Income - P50,000; Selling expenses - P20,000; Depreciation expense - P4,000. How much is Cameron's gross income? 2. Mr. Bruce outlived his life insurance policy. He then surrenders the policy and receives a cash surrender value of P800,000 after contributing P700,000 in annual premiums. How much should be excluded from gross income? 3. X , resident citizen, accounting manager, received the following from his employer, A Corp.: fringe benefits (vehicles) worth 100,000 (ownership transferred to X); 13th month pay of 100,000; rice subsidy of 30,000; basic salary of 1,000,000. X also received interest income from BDO bank in Phil of 10,000, gross of tax. What is the taxable net income of X subject to Basic tax? 4. X , resident citizen, accounting manager, received the following from his employer, A Corp.: fringe benefits (vehicles) worth 100,000 (ownership transferred to X); 13th month pay of 100,000; rice subsidy of 30,000; basic salary of 1,000,000. X also received interest income from BDO bank in Phil of 10,000, gross of tax. . What is the total expenses of X's employer, and may be allowed as deduction from its gross income?