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2. 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 4 business income (QBI), which is eligible for the 20 percent QBI deduction. Cameron files as a single taxpayer, and he did not contribute to charity during the year. a. Calculate Cameron's taxable income assuming he chooses engagement 1 and assuming he chooses engagement 2 . Assume he has no itemized deductions. b. Which engagement maximizes Cameron's after-tax cash flow? Explain