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Review the case of Illuminate Corporation: Executive Name : Nathan Position : Chief Executive Officer (CEO) Company Type : Publicly-traded company in the energy sector

Review the case of Illuminate Corporation:
Executive Name: Nathan
Position: Chief Executive Officer (CEO)
Company Type: Publicly-traded company in the energy sector
Effective Date: January 1, 2022
The breakdown of Nathan's compensation for 2023 is provided below:
Base Salary: $2,200,000
Performance Bonus: $400,000
Stock Grants: 11,000
Calculate the deductible portion of Nathan's compensation on Illuminate Corporation's 2023 corporate income tax return.

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