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?