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Consider the scenario of Omega Corporation: Executive Name : Gabriella Position : Chief Operating Officer (COO) Company Type : Privately-owned company in the technology sector
Consider the scenario of Omega Corporation:
- Executive Name: Gabriella
- Position: Chief Operating Officer (COO)
- Company Type: Privately-owned company in the technology sector
- Effective Date: April 1, 2022
Gabriella's compensation for 2023 is detailed as follows:
- Base Salary: $1,300,000
- Performance Bonus: $250,000
- Stock Grants: 9,000
Determine the deductible portion of Gabriella's compensation on Omega Corporation's 2023 corporate income tax return.
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