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Examine the scenario of Titan Corporation: Executive Name : Ava Position : Chief Technology Officer (CTO) Company Type : Privately-owned company in the telecommunications sector
Examine the scenario of Titan Corporation:
- Executive Name: Ava
- Position: Chief Technology Officer (CTO)
- Company Type: Privately-owned company in the telecommunications sector
- Effective Date: February 1, 2022
Ava's compensation for 2023 is presented as follows:
- Base Salary: $1,000,000
- Performance Bonus: $150,000
- Restricted Stock: 8,000
Determine the deductible portion of Ava's compensation on Titan Corporation's 2023 corporate income tax return.
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