Ned, a College Professor, Owns a Separate Business (Not Real

question 20

Multiple Choice

Ned, a college professor, owns a separate business (not real estate) in which he participates in the current year. He has one employee who works part-time in the business.

• A) If Ned participates for 120 hours and the employee participates for 120 hours during the year, Ned does not qualify as a material participant.
• B) If Ned participates for 95 hours and the employee participates for 5 hours during the year, Ned probably does not qualify as material participant.
• C) If Ned participates for 500 hours and the employee participates for 520 hours during the year, Ned qualifies as material participant.
• D) If Ned participates for 600 hours and the employee participates for 2,000 hours during the year, Ned qualifies as a material participant.
• E) None of the above.

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Definitions:

Unreported Cases

Incidents of a particular nature (e.g., crimes, health issues) that go unnoted or undocumented in official records or statistics.

Reporting Laws

Legal requirements mandating certain professionals to report instances of abuse, neglect, or other specific conditions to appropriate authorities.

School-Community Practices

School-Community Practices refer to the collaborative efforts and activities between schools and their surrounding communities to enhance student learning and well-being.

Child Abuse

Acts of physical, sexual, emotional harm, or neglect inflicted upon children by parents, guardians, or others responsible for their care.