The table below summarizes the compensation for Rachel, who was appointed as the Chief Marketing Officer (CMO) of Theta Corporation, a publicly-traded company in the retail sector, effective July 1, 2022. Determine the deductible portion of Rachel's compensation on Theta Corporation's 2023 corporate income tax return.

Component	Amount ($)
Base Salary	1,100,000
Annual Bonus	160,000
Stock Options	7,000

Rachel'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.