Let's analyze Vertex Corporation:

• Executive Name: Sophia
• Position: Chief Marketing Officer (CMO)
• Company Type: Privately-held company in the consumer goods sector
• Effective Date: July 1, 2022

Sophia's compensation for 2023 is detailed as follows:

• Base Salary: $1,000,000
• Annual Bonus: $150,000
• Stock Options: 6,000

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