Olivia was recruited to serve as the Chief Financial Officer (CFO) of Delta Corporation, a publicly-traded company in the manufacturing sector, starting on March 1, 2022. For the fiscal year 2023, Delta Corporation compensated Olivia as follows:

• Base Salary: $1,200,000
• Performance Bonus: $250,000
• Stock Options: Granted 7,500 stock options with an exercise price of $50 per share at the time of grant.

Olivia's employment agreement outlines that her bonus is contingent upon achieving specific financial performance metrics. The stock options vest over a five-year period, with 20% vesting annually beginning on the grant date.

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