Steven is an accountant and maintains an office in his home. Expenses of the business (other than home office expenses) are $15,000, Steven incurs the following home office expenses Real property taxes on residence: $2,400 Interest expense on residence: $4,000 Operating expenses of residence: $2,200 Depreciation on residence (based on 8% business use): $450 His office occupies 420 sq ft of floor space in his residence. Gross income from his business is $34,000, Assuming that Steven uses the simplified method, what is his allowable office in the home deduction