A. 4,900,000

B. 4,600,000

C. 4,000,000

D. 2,400,000

Agrix Company grants its managerial employees the privilege to select a car of their choice with value not exceeding PIM a unit or be given PIM cash benefit to acquire their own cars. It also grants supervisory employees car benefits if they actually purchase their cars. The following data in relation to the benefits are provided: P900,000 Car benefits given to a manager, net of withholding tax on compensation Value of cars purchased for 2 managers Cash payments to various car suppliers for supervisory employees 2,000,000 1,600,000 One manager who did not meet company requirements was allowed to purchase his own car for a price not exceeding PIM, 40% at the expense of the employer. The manager maximized his benefit. Compute the total monetary value of fringe benefits