Madison was recruited as the Chief Marketing Officer (CMO) of Beta Corporation, a privately-held company in the consumer goods sector, effective July 1, 2022. Throughout the fiscal year 2023, Beta Corporation compensated Madison with the following:

• Base Salary: $1,200,000
• Annual Bonus: $180,000
• Stock Options: Granted 6,000 stock options with an exercise price of $60 per share at the time of grant.

Madison's employment contract specifies that her bonus is based on achieving specific marketing campaign success metrics. The stock options vest over a five-year period, with 20% vesting annually beginning on the grant date.

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