The following are the bonuses, benefits and allowances received by Mr. X, working in the private sector, for the taxable year 20x2: 13th month pay Cash Gift Rice Allowance 14th Month Pay Performance Based Bonus Laundry Allowance Monetized Sick Leave Credits equivalent to 10 days at year-end Monetized Vacation Leave Credits equivalent to 15 days at year- end (at PhP2,163.64 per day) Company anniversary Bonus Uniform and Clothing Allowance Productivity Incentive Bonus PhP 47,600.00 6,000.00 8,000.00 47,600.00 32,000.00 5,400.00 21,636.00 32,454.55 10,000.00 PhP 10,000.00 20,000.00 a. Total 13th month-pay and other benefits exempted from income tax b. Portion of the 13th month pay and other benefits subject to income tax c. Total De Minimis Benefits