Nick,an Attorney,owns a Separate Business (Not Real Estate)in Which He

question 75

Multiple Choice

Nick,an attorney,owns a separate business (not real estate) in which he participates.He has one employee who works part-time in the business.

• A)If Nick participates for 500 hours and the employee participates for 520 hours during the year,Nick qualifies as a material participant.
• B)If Nick participates for 600 hours and the employee participates for 1,000 hours during the year,Nick qualifies as a material participant.
• C)If Nick participates for 120 hours and the employee participates for 120 hours during the year,Nick does not qualify as a material participant.
• D)If Nick participates for 95 hours and the employee participates for 5 hours during the year,Nick probably does not qualify as a material participant.
• E)None of the above.

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Definitions:

Crude Death Rate

A demographic measure that quantifies the number of deaths per thousand individuals in a population per year.

Mortality Rate

A measure of the number of deaths in a particular population, scaled to the size of that population, per unit of time.

Total Death Rate

The number of deaths per year per 1,000 people in a population, which is a basic demographic indicator of the level of mortality in a community or society.

Sex Ratio

The demographic concept expressing the number of males per hundred females in a given population.