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USE 2018 TAX RULES . Florence is the chief financial officer of Hazel Corporation, a publicly traded, calendar year C corporation. For the current year,

USE 2018 TAX RULES. Florence is the chief financial officer of Hazel Corporation, a publicly traded, calendar year C corporation. For the current year, her compensation package consists of:

Cash compensation $1,500,000

Bonus tied to company performance 700,000

Taxable fringe benefits 250,000

Nontaxable fringe benefits 75,000

How much of Florence's compensation is deductible by Hazel Corporation?

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