In the case of Nebula Corporation:

• Executive Name: Henry
• Position: Chief Financial Officer (CFO)
• Company Type: Publicly-traded company in the healthcare industry
• Effective Date: March 1, 2022

The compensation breakdown for Henry in 2023 is provided below:

• Base Salary: $1,400,000
• Performance Bonus: $300,000
• Restricted Stock: 8,000

Calculate the deductible portion of Henry's compensation on Nebula Corporation's 2023 corporate income tax return.