Nicanor was employed by ABC Corp. from April 1, 2020. He receives basic pay of Php 20,000 per month as compensation. During annualization of compensation in November, it was determined that he will also receive the following: Additional compensation allowance Php 5,000 Cash gift Php 5,000 Christmas bonus Php 5,000 Loyalty award Php 5,000 Performance bonus/productivity incentive Php 10,000

How much is the 13th month pay?

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