Question: Mr. Bus, receives 25,000 basic salary a month. For being one of the five members of the board of the same corporation, he, in addition,

Mr. Bus, receives 25,000 basic salary a month. For being one of the five members of the board of the same corporation, he, in addition, receives 15,000 a month. In December 2014, he received his 13th month pay of 40,000 and productivity incentives of 15,000. His taxable income is a. 480,000 b. 520,000 c. 670,000 d. 525,000

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