Question: JT ( single taxpayer ) is a software engineer who earns salary income as an employee, and also earns business income as the sole proprietor

JT (single taxpayer) is a software engineer who earns salary income as an employee, and also earns business income as the sole proprietor of a business that provides custom software development. In 2024, they earned $320,000 of salary income. Consider the following two possible scenarios for 2024:
Scenario AScenario BSalary income$320,000$320,000Business income (loss)$50,000($330,000)
Part A. What are JT's 2024 net earnings for tax purposesin Scenario A?
Part B.What are JT's 2024 net earnings for tax purposesin Scenario B?

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