Which of the following is relevant in determining whether an activity is profit-seeking or a hobby? a) The expertise of the taxpayers or their advisers. b) Whether the taxpayer enjoys the activity. c) The time and effort expended by the taxpayer. d) the taxpayer ever makes a profit. e) All of the above are relevant factors. During the year, Congresswoman Deanna Monroe travels from Ohio to Tokyo (Japan) on business. Her time was spent as follows: 2 travel (one day each way), 2 days business, and 2 days personal. Her expenses for the trip were as follows (meals and lodging reflect only the business portion): Presuming no reimbursement, Deanna's deductible expenses are: a) $3, 500. b) $4, 500. c) $5, 500. d) $6,000. e) None of the above. Gareth, an automobile mechanic employed by an auto dealership, considering opening a fast food franchise. If Gareth decides not to acqu the fast food franchise, any investigation expenses are: a) A deduction for AGI. b) A deduction from AGI, subject to the 2 percent floor. c) A deduction from AGI, not subject to the 2 percent floor. d) Deductible up to $5,000 in the current year with the balance being amo over a 180-month period. e) Not deductible