Question 25 4 pts In attempting to distinguish a hobby from a business, select the one best factor that is relevant to the decision The taxpayer must show engaging in the activity is not enjoyable The taxpayer is engaged in the activity to make a profit The taxpayer has other sources of income The taxpayer has an appropriate business name for the activity The taxpayer must devote at least 500 hours to the activity each year Question 26 4 pts G & Rwere married several years ago. They had always filed their returns as married filing jointly. They had two children ages 10 and 12. Unfortunately G died on January 10, 2020. Assuming R has not remarried, identify the likely filing status for R for the following years. 2020, 2021, 2022, and 2023 (Select the one best answer.) O 2020 Married Filing Jointly, 2021 Surviving Spouse: 2022 Surviving Spouse, 2023 Head of Household O Married Filing Jointly for all years except 2023 it would be Head of Household 2020 Married Filing Jointly, 2021 Married Filing Jointly; 2022 Married Filing Jointly, 2023 Surviving Spouse O 2020 Surviving Spouse: 2021 Surviving Spouse; 2022 Surviving Spouse: 2023 Head of Household SI Head of Household for all years Question 27 4 pts Generally, the due date of the following calendar year returns would be April 15: Individual returns Partnership returns C Corporate returns S Corporate returns Individual and C corporate returns would be April 15 while partnership and S corporate returns would be March 15 Individual returns would be due April 15 and all others March 15 O All returns listed would be due April 15 except for a partnership return which is due March 15 All listed returns would be due April 15 Question 31 2 pts Retail Stores Inc. normally sells product Z to customers for $100. However, the store allows employees to buy product Z for $60. The store buys product Z from the manufacturer for $50. Assuming all other requirements have been met, employees would not need to report any of the $40 discount as income. True O False