Which of the Following Factors Is Not Used to Determine

question 93

Multiple Choice

Which of the following factors is not used to determine whether an activity is a hobby or a business?

• A)the taxpayer's expertise in the activity
• B)the taxpayer's financial status
• C)the personal pleasure derived from the activity
• D)the success of the taxpayer in other dissimilar activities

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Definitions:

Audience Categories

Different groups of people classified by specific characteristics, interests, or needs, which content or presentations can be tailored to.

Cultural Variables

Factors that vary from one culture to another, affecting communication, behavior, and values, and requiring consideration in a global context.

Political

relating to the governance of a country or other area, especially the debate between parties having power.

Economic

Pertaining to the production, distribution, and consumption of goods and services, or the wealth and resources of a region.