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Carey is the Chief Financial Officer of Sparkle Corporation, a publicly traded, calendar year corporation. For the current year, Carey's compensation package consists of:

Cash compensation $5,000,000

Nontaxable fringe benefits $50,000

Taxable fringe benefits $250,000

Bonus tied to company performance $1,000,000

How much of Carey's Compensation can Sparkle Corporation deduct on its current year tax return?

a.$1,000,000 b.$0 c.$1,050,000 d.$6,300,000