Simone, a married taxpayer, operates a business as a sole proprietor. The business has one employee, who is paid $80,000 during 2020. Assume that the business has no significant assets. During 2020, Simones qualified business income is $500,000, and her modified taxable income is $600,000 (this is also her taxable income before the QBI deduction).

What is Simones qualified business income deduction?