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Through November, Cameron has received gross income of $ 1 2 4 , 5 0 0 . For December, Cameron is considering whether to accept
Through November, Cameron has received gross income of $ For December, Cameron is
considering whether to accept one more work engagement for the year. Engagement will
generate $ of revenue at a cost to Cameron of $ which is deductible for AGI. In
contrast, engagement will generate $ of qualified business income QBI which is eligible
for the percent QBI deduction. Cameron files as a single taxpayer.
Calculate Cameron's taxable income assuming he chooses engagement and assuming he
chooses engagement Assume he has no itemized deductions.
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