How much of Florence compensation is deductible

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Problem - 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

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

Reference no: EM132661015

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