Brad Pitt became CEO of Brad Furnishings, Inc., a furniture store and a publicly traded corporation on January 1, 2018. In 2018 his compensation package consists of: Cash Compensation $2,800,000; Taxable fringe benefits $100,000; Bonus from a qualified bonus plan $5,000. Brad Furnishings can deduct the following amount as Brad's compensation for 2018. 1. $2,905,000 2. 2,800,000 3. 1,000,000 4. None of the above