Which of the Following Statements Is Not True About Vacation

question 43

Multiple Choice

Which of the following statements is not true about vacation home properties?

• A)Property rented for 15 days or more and used for personal use for 14 days or less would be categorized as primarily rental
• B)A property rented for 15 days or more and used for personal use for more than 14 days would be categorized as personal/rental
• C)A property categorized as primarily personal is rented for 0 days
• D)A primarily personal property does not need to report the income from the property

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Definitions:

TAM

Total Addressable Market, which refers to the overall revenue opportunity available for a product or service.

SAM

Usually refers to Serviceable Available Market, which is the portion of the market that can be captured or served by a company.

SOM

Abbreviation typically for "Share Of Market," referring to the percentage of a market controlled by a particular company, product, or brand.

Sanity Checks

Quick, basic tests or analyses run to ensure that assumptions or results are rational and feasible.