During 2019, National Computer Sales, an issuer, paid its CEO total compensation of $3.5 million. Of this amount, $500,000 was a bonus based on achieving a pre-established performance goal of a 20% increase in the value of the firm's share price. The pre-established compensation plan was properly approved by the outside directors of the compensation committee and by two-thirds of the shareholders. Applying the compensation deduction rules in effect for tax years beginning after January 1, 2018, what will be National's allowable deduction for compensation paid? A $2.5 million B $1.5 million C $1.0 million D $500,000