Taxpayers with an office in their home may deduct a percentage of their home-related expenses. This percentage is based on the ratio of the office's area to the area of the home. A taxpayer with a 2400-square-foot home maintains a 10-foot by 18-foot office. If the yearly electricity bills for the home come to $4500, how much of this is deductible?

How much money is deductible from the bill? (Round to the nearest cent as needed.)