Chapter 10-Compensation Income Exercise Drill No. 2 Assuming that the employee is a private employee with a basic salary of P300 per day compute the annual excess de minimis benefits in the spaces provided for. in a region with a minimum wage of P250 per day, indicate the annual limit and De minimis benefits TP100/meal for 158 overtime days 1. during the year Limit P6,000 monetized value of 15-day vacation leave credits Excess 2 3. P1,000 monthly medical allowance to dependents of employees 4. P6,000 monetized value of 15-day 6. sick leave credits P12,000 medical benefits P2,000 quarterly uniform allowance P500 monthly laundry allowance P10,000 achievement award in cash P3,000 Anniversary gift and P5,000 9. Christmas gift 10. P3,000 monthly rice allowance prill No. 3 7. 8