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Through November, Cameron has recelved gross income or $120.000. For December, Cameron is considertng whether to accept one more work engogement for the year, Engagement
Through November, Cameron has recelved gross income or \$120.000. For December, Cameron is considertng whether to accept one more work engogement for the year, Engagement 1 wili generate $7,000 of revenue at a cost to Cameron of $3,000, which is. deductible for AGL: In contrast, engagement 2 wil generate $5,000 of qualified bustness income (QBi). Which is eligible for the 20 percent QBi deducton Cameron fies as a single taxpayer Calculate Cameron's taxable income assuming he chooses engagenent 1 and assuming he chooses engagement 2 . Assume he has no tremized deductions
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