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2 nts eBook Hint Through November, Cameron has received gross income of $128,500. For December, Cameron is considering whether to accept one more work
2 nts eBook Hint Through November, Cameron has received gross income of $128,500. For December, Cameron is considering whether to accept one more work engagement for the year. Engagement 1 will generate $9,210 of revenue at a cost to Cameron of $3,850, which is deductible for AGI. In contrast, engagement 2 will generate $6,700 of qualified business income (QBI), which is eligible for the 20 percent QBI deduction. Cameron files as a single taxpayer, and he did not contribute to charity during the year. Calculate Cameron's taxable income assuming he chooses engagement 1 and assuming he chooses engagement 2. Assume he has no itemized deductions. Description Engagement 1 Engagement 2 Print (1) Gross income before new work engagement (2) Income from engagement References (3) Additional for AGI deduction (4) Adjusted gross income (6) Deduction for QBI Taxable income
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