ABC Corp. grants its employees 20 days' vacation leave for the whole year. Such vacation leave may be converted into cash before the end of the year. Inday, an accounting clerk of the company, who is earning a rate of P 600 per day, monetized her unused vacation leave of P 6,600 at the end of the year. The whole amount of P6,600 monetized unused vacation is: 51: Part of Inday's taxable compensation. S2: Partly treated taxable compensation and partly exempt from income tax. a. Only S1 is true b. Only S2 is true O c. Both are true O d. Both are false