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Review the case of Omega Corporation: Executive Name : Jack Position : Chief Executive Officer (CEO) Company Type : Privately-owned company in the energy sector

Review the case of Omega Corporation:
Executive Name: Jack
Position: Chief Executive Officer (CEO)
Company Type: Privately-owned company in the energy sector
Effective Date: February 1, 2022
Jack's compensation for 2023 is detailed as follows:
Base Salary: $2,500,000
Performance Bonus: $500,000
Stock Grants: 12,000
Calculate the deductible portion of Jack's compensation on Omega Corporation's 2023 corporate income tax return.

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