From January Through November, Vern Participated for 420 Hours as a Salesman

question 24

True/False

From January through November, Vern participated for 420 hours as a salesman in a partnership in which he owns a 50% interest.The partnership has four full-time employees.During December, Vern spends 110 hours cleaning the store and painting the walls in order to meet the material participation standards.Vern qualifies as a material participant.

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Definitions:

Habituation

Type of learning in which familiarity with a stimulus reduces, slows, or stops a response.

Young Infants' Memory

The capacity for infants in the early months of life to retain and recall information or experiences.

Cue

A signal or prompt that triggers an action or a response.

Learned Behavior

Behaviors that an individual acquires through conditioning or observation in their environment.