Which of the Following People Is Currently Engaged in a Trade

question 120

Multiple Choice

Which of the following people is currently engaged in a trade or business?
I.Barry spends 4 hours a day 5 days a week managing his investment portfolio. He watches the market and buys and sells securities when he thinks the market is right. His investment strategy is to realize income from dividends and long-term gains from holding investments for appreciation in value.
II.Jennifer is a full-time realtor, and she owns a house that she rents to Barry and his family for $900 a month. Jennifer provides for the repairs and maintenance of the house, and she stops by monthly to collect the rent and visit with Barry and his family.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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A set of inflammatory conditions affecting the tissues surrounding the teeth, which can lead to loss of teeth if untreated.

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A chronic disease that affects the way the body processes blood sugar (glucose), characterized by high blood sugar levels over a prolonged period.

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A measure of the frequency of occurrence of death in a defined population during a specified interval.

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Days on which a student is not present at school when they are expected to be, which can impact their academic performance.