For the Years 2010 Through 2014 (Inclusive)Max,a Surgeon,has Been Involved

question 41

Multiple Choice

For the years 2010 through 2014 (inclusive) Max,a surgeon,has been involved in bowling competitions.Only in 2013 and 2014 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:

Integrative Feedback

A comprehensive approach to providing feedback that aims to incorporate multiple perspectives and aspects of performance for constructive development.

Questionnaire-based Process

A method or procedure that involves collecting data or gathering opinions using a set of pre-designed questions presented in a questionnaire format.

Structured Feedback

Organized and systematic input provided to individuals or groups aimed at improving performance or behavior.

Eyes

The organs of sight in humans and animals, enabling vision and the perception of light, color, and depth.