31)Through November. Cameron has received gross income of $120,000. For December, Cam te $7,000 of revenue at a cost to Cameron of $3,000, which is deductible for AGI. In is considering whether to accept one more work engagement for the year. Engagement 1 will contrast, engagement 2 will generate $5,000 of qualified business income (QBI) which is eligible for the 20% QB1 deduction. Cameron files as a single taxpayer. Calculate Cameron's taxable income assuming he chooses engagement 1 and assuming he chooses engagement 2. Assume he has no itemized deductions. Which engagement maximizes Cameron's after-tax cash flow? Explain. a. b