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In 2020, Michael was hired as the Chief Financial Officer for Jans Candles Inc, a publicly traded C corporation. For the current year, his compensation

In 2020, Michael was hired as the Chief Financial Officer for Jans Candles Inc, a publicly traded C corporation. For the current year, his compensation package consisted of $1,200,000 of cash compensation and a $500,000 bonus tied to the companys performance. How much of Michaels compensation is deductible by Jans Candles Inc? Please explain.

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