James was hired as the new Chief Marketing Officer (CMO) of Gamma Corporation, a privately-held company in the retail industry, on January 1, 2022. Throughout the fiscal year 2023, Gamma Corporation compensated James as follows:

• Base Salary: $1,000,000
• Annual Bonus: $150,000
• Restricted Stock Units (RSUs): Granted 5,000 RSUs with a fair market value of $100 per share at the time of issuance.

James's employment contract specifies that he is eligible for an annual bonus based on achieving predetermined sales targets. The RSUs vest over a three-year period, with one-third vesting each year.

Determine the deductible portion of James's compensation on Gamma Corporation's 2023 corporate income tax return.