Amber, a publicly held corporation, currently pays its president an annual salary of $900,000. As a means of increasing company profitability, the board of directors increased the president's compensation effective January' 1, 2017, with a performance-based compensation program. This program increased the president's compensation by $300,000 in 2017, and it is projected to increase her compensation by approximately $350,000 in 2018. Prepare a letter to Amber’s board of directors that identifies the amount of compensation that will be deductible by Amber in 2018 and explains whether any changes should lx* made to the president's compensation plan in 2018. Address the letter to the board chairperson, Angela Riddle, whose address is 100 James Tower, Cleveland, OH 44106.