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Through November, Cameron has received gross Income of $100,000. For December, Cameron is considering whether to accept one more work engagements for the year. Engagement

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Through November, Cameron has received gross Income of $100,000. For December, Cameron is considering whether to accept one more work engagements for the year. Engagement 1 will generate $8,360 of revenue at a cost to Cameron of $4,500, which is deductible for AGI. In contrast, engagement 2 will generate $9,850 of qualified business Income (QBI) which is eligible for the 20% 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. Engagement 1 Engagement 2 Description (1) Gross income before new work engagement (2) Income from engagement (3) Additional for AGI deduction (4) Adjusted gross income (6) Deduction for QB1 Taxable income

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