Exercise Drill No. 3 A 50-year-old employee retired during the year after 30 years of continuous service and received the following remunerations: Employee share to SSS, PHIC, HDMF and union dues 20 P 350,000 03 Overtime pay 24,000 Retirement pay Benefits from SSS 16,000 spet 2,300,000 Pro-rated 13th month pay Weld porch 19 400,000 inand 21,000 Required: Compute the gross taxable compensation income. Talon algllut Exercise Drill No. 3 A 50-year-old employee retired during the year after 30 years of continuous service and received the following remunerations: Employee share to SSS, PHIC, HDMF and union dues 20 P 350,000 03 Overtime pay 24,000 Retirement pay Benefits from SSS 16,000 spet 2,300,000 Pro-rated 13th month pay Weld porch 19 400,000 inand 21,000 Required: Compute the gross taxable compensation income. Talon algllut