A private rank and file employee had the following remuneration for the year Gross salaries, net of 11,000 mandatory contribution Fixed allowances Cost of living allowance 13th month pay Christmas gift Laundry allowance What is the taxable compensation income? 314,000 326,000 338,000 350,000 314,000 12,000 24,000 28,000 5,000 8,000 From the question above, what is the total exempt de minimis benefit* 2 points 13,000 O 8,600 6,000 5,000