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74. Allan, an officer of Jetti Corporation, earned in 2018 an annual compensation of P1,300,000 inclusive of 13th month pay. The total amount of mandatory contributions is P24,500. He also received 10,000 representing his annual clothing allowance. Aside from employment income, he owns a farm with gross sales of P3,500,000. His cost of sales and operating expenses are P1,000,000 and P600,000, respectively, and with non-operating income of P100,000. His taxable compensation income is: O a. 1,179,500 . O b. 1,275,500 O C. 1,181,500 d. Cannot be determined based on the given 75. Loic, 45, and an official of Miko Corporation, asked for an earlier retirement because he was immigrating to Canada with his girlfriend. He was paid