Nick,an Attorney,owns a Separate Business (Not Real Estate)in Which He

Nick,an attorney,owns a separate business (not real estate) in which he participates.He has one employee who works part-time in the business.

A) If Nick participates for 500 hours and the employee participates for 520 hours during the year,Nick qualifies as a material participant.
B) If Nick participates for 600 hours and the employee participates for 1,000 hours during the year,Nick qualifies as a material participant.
C) If Nick participates for 120 hours and the employee participates for 120 hours during the year,Nick does not qualify as a material participant.
D) If Nick participates for 95 hours and the employee participates for 5 hours during the year,Nick probably does not qualify as a material participant.
E) None of the above.