For the Years 2011 Through 2015 (Inclusive)Max,a Surgeon,has Been Involved

question 2

Multiple Choice

For the years 2011 through 2015 (inclusive) Max,a surgeon,has been involved in bowling competitions.Only in 2014 and 2015 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:

Genes

Genes are the basic physical and functional units of heredity, made up of DNA, that act as instructions to make molecules called proteins, affecting individual traits from appearance to health.

Home Environment

The physical and emotional atmosphere of an individual's residence, including family dynamics, physical space, and emotional support.

Peers

Individuals who are equal in age or status, often influencing social and emotional development and behaviors.

Biochemical Units

Fundamental structures and molecules involved in the biochemical processes of living organisms, such as enzymes and nucleotides.