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more work engagement for the year. Engagement 1 will generate $ 9 , 2 1 0 of revenue at a cost to Cameron of $

more work engagement for the year. Engagement 1 will generate $9,210 of revenue at a cost to Cameron of $3,850, which 15 deductible for AGI. In contrast, engagement 2 will generate $6,700 of qualified business Income (QBI). Which Is eliglble for the 20 percent QBI deduction. Cameron files as a single taxpayer.
Calculate Cameron's taxable Income assuming he chooses engagement 1 and assuming he chooses engagement 2 Assume he has no itemized deductions.
\table[[Description,Engagement 1,Engagement 2],[(1) Gross income before new work engagement,$,128,500,s.,128,500],[(2) Income from engagement,,9.210,,6,700],[(3) Additional for AGl deduction,,(3,850),,],[(4) Adjusted gross income,$,133,860,5,135200],[(5) Greater of itemized deductions or standard de,,,,Hing],[(6) Deduction for QBI,,0,,1,340],[Taxable income,,,,]]
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