Clio's hot dog stand is only open during lunch on weekdays.In total,Clio,who is the sole owner and operator,worked 450 hours at the hot dog stand during the year.Clio is not considered a material participant with respect to the hot dog stand business.

Question

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Clio would be considered a material participant in the hot dog stand business because she worked more than 500 hours during the year, which is one of the criteria set by the IRS for material participation.

Clio's Hot Dog Stand Is Only Open During Lunch on Weekdays.In