You self-employed tax clients provides you with a Profit and Loss Statement that shows the following:

Sales $675,000

Salaries $300,000

Rent $50,000

Office Expense $3,000

Supplies $2,500

Meals $1,500

Postage $500

Computer Expense $3,500

Depreciation $7,500

Saints Tickets $3,000

Donation to Latoya Cantrell Campaign $1,000

Uniforms $800

Net Income 301,700

In addition, your client has a home office of 250 square feet and elects the simplified method. Calculate the taxable income from their business.