Return to question 1 Through November, Cameron has received gross income of $97,500. For December, Cameron is considering whether to accept one more work engagement for the year. Engagement 1 will generate $7,730 of revenue at a cost to Cameron of $4,450, which is deductible for AGI. In contrast, engagement 2 will generate $9,350 of qualified 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. 10 points Calculate Cameron's taxable income assuming he chooses engagement 1 and assuming he chooses engagement 2. Assume he has no itemized deductions. > Answer is complete but not entirely correct. Engagement 1 Engagement 2 97,500 $ 97,500 7,730 9,350 (4,450) 0 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 $ 106,850 100,780 $ 24,400 X 1,870 X 100,780 X $ 0 X 1,870 104,980 X