hrough November, Cameron has received gross income of $87,500. For December, Cameron is considering whether to accept one ore work engagements for the year. Engagement 1 will generate $7,910 of revenue at a cost to Cameron of $4,250, which is eductible for AGI. In contrast, engagement 2 will generate $9,050 of qualified business income (QBI) which is eligible for the 20% Q eduction. Cameron files as a single taxpayer. alculate Cameron's taxable income assuming he chooses engagement 1 and assuming he chooses engagement 2. Assume he has o itemized deductions. Description 1) Gross income before new work engagement 2) Income from engagement 3) Additional for AGI deduction 4) Adjusted gross income 5) Greater of itemized deductions or standard deduction 6) Deduction for QBI Taxable income Engagement 1 Engagement 2 $ 87,500 $ 87,500 7,910 7,910 0 95,410 $ (4,250) 91,160 $

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