For the Years 2012 Through 2016 (Inclusive)Max,a Surgeon,has Been Involved

question 140

Multiple Choice

For the years 2012 through 2016 (inclusive) Max,a surgeon,has been involved in bowling competitions.Only in 2015 and 2016 did his revenue exceed the expenses from the activity.Which statement is correct?

• A)The activity is a business.The IRS cannot prove it is a hobby.
• B)The activity is a hobby.Max cannot prove it is a business.
• C)The activity is presumed to be a business.However,the IRS may prove it is a hobby.
• D)The activity is presumed to be a hobby.However,Max may prove it is a business.

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Definitions:

Adolescent Mothers

Young females, typically within the teenage years, who have become pregnant and are in the process of carrying, or have delivered, a child.

Positive Adjustment

The process of adapting effectively to circumstances or life changes in a way that maintains or promotes well-being.

Secure Attachment

The attachment pattern in which an infant uses the caregiver as a secure base from which to explore, seeks contact during reunions, and is easily comforted by the caregiver.

Adolescent Pregnancy

Pregnancy that occurs in a female individual who is in the adolescent stage of development, typically between the ages of 13 and 19.