For the Years 2009 Through 2013 (Inclusive)Max,a Surgeon,has Been Involved

question 69

Multiple Choice

For the years 2009 through 2013 (inclusive) Max,a surgeon,has been involved in raising poodles.Only in 2012 and 2013 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:

Inconsistent Cognitions

The psychological state of having conflicting beliefs, attitudes, or thoughts, which can lead to discomfort and a drive to resolve the inconsistency.

Trivialize Cognitions

The process of minimizing or reducing the perceived importance or value of thoughts and beliefs.

Cognitive Dissonance

The psychological discomfort experienced when holding two or more conflicting cognitions (thoughts, beliefs, or attitudes).

Exercise Behavior

The patterns and habits of physical activity performed by an individual to maintain or improve health.