Question: Please answer and fill in the blank for line 5 aswell. Through November, Cameron has received gross income of $126,000. For December, Cameron is considering

Please answer and fill in the blank for line 5 aswell.

Through November, Cameron has received gross income of $126,000. For December, Cameron is considering whether to accept one more work engagement for the year. Engagement 1 will generate $8,560 of revenue at a cost to Cameron of $3,600, which is deductible for AGI. In contrast, engagement 2 will generate $6,200 of qualified business income (QBI), which is eligible for the 20 percent 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. (5) Greater of itemized deductions or standard deduction (5) Lesser of itemized deductions or standard deduction

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