Through November, Cameron has received gross income of $$120,000.$ For December, Cameron is considering whether to accept one

more work engagement for the year. Engagement $1$ will generate $$7,000$ of revenue at a cost to Cameron of $$3,000,$ which is

deductible for AGI. In contrast, engagement $2$ will generate $$5,000$ of qualified business income $($QBI$),$ which is eligible 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.