For the Years 2013 Through 2017 (Inclusive)Max,a Surgeon,has Been Involved

question 24

Multiple Choice

For the years 2013 through 2017 (inclusive) Max,a surgeon,has been involved in bowling competitions.Only in 2016 and 2017 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:

Artificial Intelligence

A branch of computer science focused on creating systems capable of performing tasks that typically require human intelligence.

Voice-Based Interactions

A technology feature that enables users to interact with devices or applications through vocal commands rather than using traditional input methods like keyboard or touch.

Cloud

The delivery of different services through the Internet, including data storage, servers, databases, networking, and software.

Expensive Application

Refers to software programs that have a high purchase or subscription price.