Sam and Gemma are in a business partnership. The partnership agreement states that any profits and losses will be split 60% for Sam and 40% for Gemma. During the 2020 income year, business records show that the partnership had sales income of $1,298,700. It also showed payments for rent and stock totalling $317,700. Lastly the partnership books show a partnership loss of $15,000 that had been carried over from 2019.

Required: Calculate Sams TAXABLE INCOME for the 2020 income year.