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Consider the scenario of Luminous Corporation: Executive Name : Olivia Position : Chief Operating Officer (COO) Company Type : Publicly-traded company in the technology sector
Consider the scenario of Luminous Corporation:
- Executive Name: Olivia
- Position: Chief Operating Officer (COO)
- Company Type: Publicly-traded company in the technology sector
- Effective Date: January 1, 2022
The following table outlines Olivia's compensation for 2023:
- Base Salary: $1,500,000
- Performance Bonus: $200,000
- Stock Options: 8,000
Determine the deductible portion of Olivia's compensation on Luminous Corporation's 2023 corporate income tax return.
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