For an Activity to Be Considered as Regularly Carried on for Purposes

question 105

True/False

For an activity to be considered as regularly carried on for purposes of the unrelated business income tax, the activity must be conducted during the work week (i.e., activities performed on the weekend are not considered in determining if the activity is regularly carried on).

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Definitions:

Social Category

A grouping of individuals who share a common characteristic or attribute but do not necessarily interact or identify with each other.

Strong Identity

A well-developed sense of self that is clearly defined, stable over time, and encompassing a wide array of personal values, beliefs, and experiences.

Similar Status

A concept referring to individuals or groups that share equivalent positions in a social hierarchy based on factors like occupation, income, education, or social network.

Online Networks

Digital platforms that connect individuals or groups, allowing them to share information, communicate, and sometimes collaborate virtually.