The following information appeared in the 2020 BIR Form 2316 (Certificate of Compensation Payment/Tax Withheld) of Nicanor, a purely compensation income earner: Gross compensation income 13th month pay and other benefits SSS Philhealth contributions Pagibig contributions Php 400,000.00 40,000.00 10,000.00 10,000.00 10,000.00 10,000.00 50,000.00 30,000.00 Union dues Commission Amount of taxes withheld (by the employer) The net taxable compensation income to be used in computing the tax is: Php 320.000 Php 450,000 Php 370,000 Php 290,000