One of the following compensation income of an individual taxpayer is not an exclusion from gross income, taxable and included in the gross income of the employee: 

A. Monetized vacation leaves not exceeding 10 days a year. 

B. Separation pay of an employee who resigned from his employment. 

C. Retirement benefits of an employee who has worked for an employer for at least 10 years, who at the time of retirement is not less than 50 years of age, and who avails of the retirement for the first time 

D. Minimum wage derived by a minimum wage earner.

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