in determining whether an activity should be classified as a hobby, the tax law provides a rebuttable presumption with regard to the profits or losses of an activity. which of the following statements describes the profit/loss test which must be satisfied in order to meet the presumption that the activity was engaged in for profit (as opposed to just considered a hobby)?
Answers
The profit/loss test that must be satisfied in order to meet the presumption that an activity was engaged in for profit (as opposed to just considered a hobby) is a key factor when determining whether an activity should be classified as such.
This test requires that there is a reasonable expectation of profit, and that the activity is regularly carried out with businesslike activity. In other words, the activity must be conducted in a manner that would lead to reasonable and prudent persons to believe that it was intended to produce income. To satisfy the presumption, the activity must generate a profit in three of five consecutive tax years, or generate profits in two of the seven most recent tax years. Additionally, if an activity is judged to be a hobby, the taxpayer can't deduct expenses for the activity from other income.
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Related Questions
The team's engagement score was 4. 8 this month. The score has been improving at a rate of 13% per month. What was the score 5 months ago?.
Answers
According to the score today and the pace of growth, the score from five months ago must have been 2.98.
The score five months ago, what was it?Consider that the score was x five months ago. So, the following can be used to express what was just said:
Current score is equal to x times (1 plus rate) times the number of months.
4.80 = x × (1 + 10%)
⁵
4.8 = x × 1.1.61051
x = 4.8 / 1.61051
= 2.980
The result was a 2.98, or a passing grade.
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Which of the following requires the most education?
A. Veterinary assistant
B. Veterinary technician
C. Animal groomer
D. Veterinarian
Answers
Answer:
d
Explanation:
Answer:
D
Explanation:
They are like a doctor to animals
3. ______ are defined as goods or services that are required for health and safety.
Answers
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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6.) a slowdown in u.s. economic growth willa.boost the value of the dollar because inflation fears will be calmedb.boost the value of the dollar because the federal reserve will expand the money supplyc.lower the value of the dollar because the u.s. will be a less attractive place to investorsd.lower the value of the dollar because interest rates will risea.boost the value of the dollar because inflation fears will be calmedb.boost the value of the dollar because the federal reserve will expand the money supplyc.lower the value of the dollar because the u.s. will be a less attractive place to investorsd.lower the value of the dollar because interest rates will risegn investment? a) honda builds a factory in ohio b) apple builds a plant in ireland that exports to the united states c) british telecom issues new stock in the united states d) american investors buy shares in sony
Answers
The correct answer to question 6 is d) lower the value of the dollar because interest rates will rise. A slowdown in U.S. economic growth lowers the value of the dollar due to rising interest rates and reduced investment.
When there is a slowdown in U.S. economic growth, the Federal Reserve may respond by increasing interest rates. This is done to control inflation and encourage saving, which can slow down economic activity. Higher interest rates make it more expensive to borrow money, which reduces spending and investment. As a result, the demand for the dollar decreases, causing its value to lower. A slowdown in U.S. economic growth leads to lower value of the dollar due to rising interest rates. When the economy slows down, the Federal Reserve may increase interest rates to control inflation and encourage saving. Higher interest rates make borrowing more expensive, which leads to reduced spending and investment. As a result, there is less demand for the dollar, causing its value to decline.
This is because investors find other countries more attractive to invest in when the U.S. economy is not performing well. In summary, a slowdown in U.S. economic growth lowers the value of the dollar due to rising interest rates and reduced investment.
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Which of the following is an Internet job search “do”?
Answers
What an Internet do in job search is to b. Pay attention to all directions before responding to job postings.
What is Internet?Internet can be regarded as the global computer network which helps to give variety of information and communication facilities.
It should be noted that it , encompass interconnected networks using standardized communication protocols, hence What an Internet do in job search is to b. Pay attention to all directions before responding to job postings.
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CHECK THE COMPLETE QUESTION
Which of the following is an Internet job search “do”?
a. Post your résumé without considering your privacy
b. Pay attention to all directions before responding to job postings
c. Assume that e-mail is informal, private, or temporary
d. Take a passive role during your online job search
Which description is the best example of physical capital?
A. A doctor with expertise in medicine
B. A miner with experience digging for coal
C. A machine that tests new car engines
D. A new law regulating trade in a country
Answers
Answer:
C. A machine that tests new car engines
Explanation:
it's man-made
The correct option is C. A machine that tests new car engines is the best example of physical capital.
Assets that a company owns and uses, including buildings, machines, and cars, are referred to as physical capital.
What are physical capital and its types?Physical capital refers to the range of inputs needed at each step of manufacturing. There are two forms of physical capital: working capital and fixed capital. Fixed capital includes a variety of tools and machines. The cash on hand to cover your immediate, short-term requirements is known as working capital.
Physical capital is made up of physical, man-made items that businesses invest in or purchase and employ to manufacture things. Physical capital assets that are reusable and not consumed during production, such as manufacturing equipment, also fall under the category of fixed capital.
Thus, The right answer is C. The best illustration of physical capital is a machine used to test new automobile engines.
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4. Does inflation cause a change in demand? Explain the role of inflation in determining demand.
Answers
Answer:
Inflation is an increase in the general price level in an economy. It is probably caused by the relative increase in the amount of money in relation to the available economic production. If the social money supply increases and the country's production is not matched, the average price level will rise due to the increased demand for goods. Due to the price increases, the value of money, the purchasing power of money, decreases. You can buy less for the same amount, thus lowering demand.
PLS NEED HELP IM BEHIND BAD
Answers
Answer:
The first answer
Explanation:
Just took it
How is Earth's magnetic field generated? What evidence do we have that Earth has a magnetic field surrounding the planet?
Answers
Earths magnetic field is generated by the planet's core.
Our evidence is freaking gravity. Without the magnetic field we would all be flying out into space and have no oxygen.
-Ɽ3₮Ɽ0 Ⱬ3Ɽ0
How do you approach Marketing design for a production?
Answers
2. A prototype
3. Final product
... is an economic system where consumers can choose what to buy and where to buy
A. Planned economic system
B. Mixed economic system
C. Market economic system
D. Tradition economic system
Answers
it is C. Market Economic system!
as I read and knew once I found of by reading the sentence you put.
to check out more and I give credits also too for the information https://flexbooks.ck12.org
for confirming it for me. and you can find out more about Economic Systems there for sure also !!
Answer:
it can be either mixed or a market economy
Explanation:
an initial investment of $3,000 earns 8% interest compounded continuously. what will the investment be worth in 17 years? (round your answer to the nearest cent.)
Answers
The interest rate earned $ 1457.84
Using our formula from above:
F.V =P(1+i)n
Our interest is compounded quarterly, which means that it will be compounded 4 times per year for 5 years. This means we have the following:
F.V.=?
P=3000
i=0.08/4= .02
n=5×4=20
Now substituting these values into our equation, we get the following:
F.V.=P(1+i)n
=3000(1+.02)20
=3000(1.02)20
≈4457.84
Therefore, the future value is
$4,457.84
The interest earned is the difference between what we invested and what we earned.
$4457.84−$3000=1457.84
Therefore, the interest earned is
$1,457.84
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Why do the media sensationalize issues?
A.
to generate interest in a story, attracting readers or viewers
B.
to ensure that both sides of a story are explored
C.
to remove bias from a story
D.
to make sure that only the most important issues get news coverage
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
A. to generate interest in a story to attract viewers and readers
Which of the following is not one of the key characteristics of good market research?
ethical
accuracy
timeliness
reliability
Answers
Answer:
Ethical
Explanation:
I wanna say Ethical but I feel like there's a possibility that its wrong.
the long-run effect of an increase in the money supply when starting from full employment is to
Answers
The effect of an increase in the money supply when starting from full employment depends on a number of factors.
Firstly, it is important to consider the cause of the increase in the money supply.
If the increase is due to an expansionary monetary policy, then it is likely to result in an increase in aggregate demand, as there is more money in circulation for consumers and businesses to spend.
This could lead to an increase in output and employment in the short run, as firms respond to the increased demand by producing more goods and services and hiring more workers to meet this demand.
However, in the long run, the effect of the increase in the money supply on output and employment is less clear.
If the increase in demand is not matched by an increase in the economy's capacity to produce goods and services, then it could lead to inflation, as firms raise prices to meet the increased demand.
In this case, the long-run effect of the increase in the money supply would be to reduce the purchasing power of the currency, which could have negative effects on the economy, such as reduced international competitiveness and reduced investment.
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.3. One day you happen to hear a snippet of conversation between two graduate students, who are drinking coffee and contemplating an open box of exquisitely delicious chocolate truffles in the Page Break Café. The first student opines that one can definitely outline a set of objective design principles that should underpin the construction of any professional chart or map. The second student disagrees vehemently and argues that the one and only important thing to worry about is aesthetics. The first student is speechless. What do you think? Use your knowledge of data visualization to inform your answer, and be sure to explain your answer carefully.
Answers
The debate between the two graduate students revolves around the importance of objective design principles versus aesthetics in the construction of professional charts or maps.
Objective design principles in data visualization serve as guidelines to ensure clarity, accuracy, and effective communication of information. These principles include considerations such as appropriate use of colors, legibility of text, proper labeling, and accurate representation of data. By adhering to these principles, charts and maps can convey the intended message clearly, facilitating data comprehension and analysis.
However, aesthetics cannot be disregarded. Visual appeal and aesthetics contribute to the overall user experience and can enhance engagement with the data. An aesthetically pleasing chart or map can captivate the viewer's attention, stimulate interest, and encourage exploration of the data. Attention to aesthetics involves aspects such as visual balance, appropriate use of visuals and typography, and overall design coherence.
Both objective design principles and aesthetics are important in data visualization because they serve different purposes. Objective design principles ensure accuracy and effective communication, while aesthetics enhance engagement and user experience. Striking a balance between these two aspects is crucial to create visually appealing and informative visualizations that effectively convey the intended message while engaging the audience.
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Q3. Which of the following is the relation that the law of demand defines?
a) Income and price of a commodity
b) Price and quantity of a commodity
c) Income and quantity demanded
d) Quantity demanded and quantity supplied
Answers
Answer:
price and quantity demanded
Explanation:
law of demand sates that their exist a inverse relationship between the price of the commodity and the quantity of the commodity that will be demanded that means if the price is low then the quantity demanded by the customers will be high and if the price of the commodity is high or we can say the product price is high then the quantity demand by the customers or consumers will be less.
suppose there are two pens of price ten and twenty then the pen of price ten will be in more demand as compared to twenty and the pen which is of price of twenty will be demanded less in the market by the customers or the consumers
Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.
Answers
Explanation:
to eliminate their best efforts in the company
Answer:
"bureaucratic barriers"
Explanation:
i got it right on plato
To some people, speaking in public is not a stressor.
A. True B. False
Answers
Answer:
A. true
Explanation:
because of their experiences
Answer:
A. true
Explanation:
who here from K12? (sorry for asking this question)
Answers
Answer:
Explanation:
Answer:
Not I.
Explanation:
This is just constructive criticism, but I don't recommend listing your school here.
Studs, joists, and ___ are manufactured by brake formign and punching galvanized coil and sheet stock
Answers
Studs, joists, and sections are manufactured by brake formign and punching galvanized coil and sheet stock. The phrase "cold-formed steel" (CFS) refers to steel products that have been produced using cold-working techniques that are performed at temperatures close to room the temperature, such as rolling, pressing, stamping, bending, etc.
Cold-rolled steel (CRS) stock bars and sheets are often utilized in all the production sectors. Hot-formed a steel and hot-rolled steel are contrasted by the terminology. The Cold-formed steel, particularly in the form of thin gauge sheets, is widely used in the construction industry. The built-up sections, and the other parts.
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The term “By Returns” and a corresponding credit of $80 on a statement of account mean that a sum of $80 was:
a) Paid to the seller
b) Paid to the buyer
c) Added to the amount owing
d) Deducted from the amount owing
Answers
Answer:
d) Deducted from the amount owing
Explanation:
Returns refer to the goods previously sold to a customer, but the buyer has since rejected them and returned them to the seller. A buyer may reject goods due to various reasons, such as the goods being defective.
When a buyer rejects and returns goods, they are not expected to pay for them. The seller issues a credit note worth the goods returned. That amount is deducted from the invoice issued to the buyer.
what is included in a business plan
Answers
Answer:
There is no specific answer
Explanation:
Every business has different plans based on what they do.
A business plan is separate from an individual plan. Business plans can also include tools that the other plans don't have.
Question 10 of 10
Jake is considered to be a warm, friendly person with a lot of energy. He does
not have many strong technical skills. Which marketing career might be best
for him?
A. Marketing manager
B. Graphic designer
O c. Art director
D. Sales representative
Answers
Answer: Sales Representative
Explanation:
People who are Sales Representatives are normally people that are likable, just as James
Jake is considered to be a warm, friendly person with a lot of energy. He does not have many strong technical skills. The marketing career might be best for him as a Sales representative. The correct option is d.
What is a sales representative?A sales representative interacts directly with customers throughout all phases of the sales process. They’re responsible for identifying a customer’s needs, pitching relevant products or services, and ensuring they have a positive experience from start to finish.
In some cases, a sales agent will cold call prospects they find through business directories or client referrals. Other times, “warm” leads that have already expressed interest will be sent to them by their company’s marketing team. Being successful requires a mix of both building and maintaining customer relationships and consistently seeking new business opportunities.
A sales representative is typically expected to reach a particular sales quota each month.
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The expected value of _________ is the increase in expected payoff possible if improved information can be obtained.
Answers
The expected value of information (EVI) is the increase in expected payoff possible if improved information can be obtained.
The concept of expected value of information (EVI) is a measure used in decision theory to evaluate the potential value of acquiring additional information. It quantifies the increase in expected payoff that can be achieved by having access to more accurate or complete information.
The expected value of information is calculated by comparing the expected payoffs under two scenarios: one where the decision is made without any additional information, and another where the decision is made with the improved information. The difference between the expected payoffs in these two scenarios represents the expected value of information.
By calculating the expected value of information, decision-makers can assess the potential benefit of gathering more data, conducting research, or investing in better information sources before making a decision. It helps in determining whether the cost of obtaining additional information is justified by the potential increase in expected payoff or value.
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a firm finds that as it adds workers, each worker is adding less and less output to the production process. what must be true about average cost?
Answers
Average cost is increasing must be true about average cost .
What does "average cost" mean?
In economics, average cost or unit cost is determined by dividing the total cost (TC) by the quantity of a good produced (the output Q). The choice of how much to charge for commodities by businesses is strongly influenced by average cost.What is an example of typical cost?
The weighted-average cost is calculated by dividing the total inventory purchased during the quarter ($113,300) by the total inventory count from that quarter (100), yielding an average cost per unit of $1,133.
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if a partner in a limited partnership dies, the partnership ceases to exist.
T/F
Answers
The given statement, "if a partner in a limited partnership dies, the partnership ceases to exist." is false. Unless additional circumstances arise, the partnership will continue.
When a limited partner dies away or is unable to function, the limited partnership continues. The limited partner's stake may be transferred, and in the event of death, the limited partner's executor or administrator will have full authority to act on the partner's behalf with regard to estate administration.
A limited partnership (LP) develops when two or more partners become involved in business endeavors jointly, but the limited partners' responsibility is limited to the total amount of the investment they have made. The limited partnership's general partners oversee day-to-day operations and are liable for all financial responsibilities, including debts and legal fees.
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If you are a pizza seller and you pay $10,000 for a pizza oven only to make one pizza with it, the average cost of each pizza you make is
A) $10,000
B) $10
C) $100
D) $5,000
Answers
Answer: The correct answer would be A) $10,000
Explanation:
The total cost of the pizza oven / the number of pizzas = cost of the oven per pizza
$10,000/1 = $10,000
* Does not include the cost of the pizza ingredients! :)
Why do lenders often require a down payment when credit is used to purchase a good?
It reduces risk to the lender.
It eliminates interest charges.
It reduces the cost of the financed good.
It increases the cost of financing the good.
Answers
The payments are done through a down payment reduces the risk to the lender and therefore the lender requires down payments when credit is used to purchase a good. Thus (A) is the correct option.
What is a down payment?The amount of money that a purchaser pays on the purchasing of any expensive object. The down payment showcases a portion of the total purchasing amount.
It is made in the initial stage of purchasing. It reduces the risk of the lender and therefore, (A) is the correct option.
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ANSWER ASAP Which of the following may help you protect against identity theft? A. Carrying your Social Security card at all times B. Clicking on pop-up windows to verify their information C. Contacting your credit card company if you don’t receive bills D. Including your name in your online passwords
Answers
Explanation:
I think A. Because it is the only safe way to protect yourself even in the credit card company people might steal your identity and they dont know. So I say A
Answer:
Its C) contacting your credit card company if you don't receive bills
Explanation:
EDGE 2021