Mr. Acuna worked for Income TAX lang SAKALAM, a manufacturing firm. Due to business reverses, the form offered a voluntary redundancy program in order to reduce overhead expenses. Under the program, an employee who offered to resign would be given separation pay equivalent to his two (2) month's basic salary for every year of service, Mr. Acuna accepted the offer and received P 800,000 as separation pay under the program. After all the employees who accepted the offer were paid, the firm found its overhead still excessive. Hence, it adopted another redundancy program. Various unprofitable departments closed. As a result, Mr. Quinajon was separated from the service. He received P 1,000,000 as separation pay. Additional Information: Acuna's total compensation income (basic pay plus benefits excluding the separation pay up to his separation from the company's amounts to P 400.000 Quianajon's total compensation income (basic pay plus benefits excluding the separation pay up to his separation from the company's amounts to P 500.00 Based on the foregoing, how much is the taxable compensation of Mr. Quinajon