4.Henrie, a managerial employee, received the following employee benefits in 2020:
Salaries, net of mandatory and exempt benefits 4,000,000
Stock bonus 800,000
Director’s fee 200,000
Car designated for the use of Henrie 2,500,000
House and lot, transferred in the name Henrie 5,000,000
Compute the taxable income of Henrie.
a. P 12, 500, 000 c. P 5, 000, 000
b. P 7, 500, 000 d. P 4, 800, 000