Sec. 1397C. Enterprise zone business defined TITLE 26, Subtitle A, CHAPTER 1, Subchapter U, PART III, Subpart D, Sec. 1397C. STATUTE (a) In general For purposes of this part, the term "enterprise zone business" means - (1) any qualified business entity, and (2) any qualified proprietorship. (b) Qualified business entity For purposes of this section, the term "qualified business entity" means, with respect to any taxable year, any corporation or partnership if for such year - (1) every trade or business of such entity is the active conduct of a qualified business within an empowerment zone, (2) at least 50 percent of the total gross income of such entity is derived from the active conduct of such business, (3) a substantial portion of the use of the tangible property of such entity (whether owned or leased) is within an empowerment zone, (4) a substantial portion of the intangible property of such entity is used in the active conduct of any such business, (5) a substantial portion of the services performed for such entity by its employees are performed in an empowerment zone, (6) at least 35 percent of its employees are residents of an empowerment zone, (7) less than 5 percent of the average of the aggregate unadjusted bases of the property of such entity is attributable to collectibles (as defined in section 408(m)(2)) other than collectibles that are held primarily for sale to customers in the ordinary course of such business, and (8) less than 5 percent of the average of the aggregate unadjusted bases of the property of such entity is attributable to nonqualified financial property. (c) Qualified proprietorship For purposes of this section, the term "qualified proprietorship" means, with respect to any taxable year, any qualified business carried on by an individual as a proprietorship if for such year - (1) at least 50 percent of the total gross income of such individual from such business is derived from the active conduct of such business in an empowerment zone, (2) a substantial portion of the use of the tangible property of such individual in such business (whether owned or leased) is within an empowerment zone, (3) a substantial portion of the intangible property of such business is used in the active conduct of such business, (4) a substantial portion of the services performed for such individual in such business by employees of such business are performed in an empowerment zone, (5) at least 35 percent of such employees are residents of an empowerment zone, (6) less than 5 percent of the average of the aggregate unadjusted bases of the property of such individual which is used in such business is attributable to collectibles (as defined in section 408(m)(2)) other than collectibles that are held primarily for sale to customers in the ordinary course of such business, and (7) less than 5 percent of the average of the aggregate unadjusted bases of the property of such individual which is used in such business is attributable to nonqualified financial property. For purposes of this subsection, the term "employee" includes the proprietor. Sec. 1397C. Enterprise zone business defined TITLE 26, Subtitle A, CHAPTER 1, Subchapter U, PART III, Subpart D, Sec. 1397C. STATUTE (a) In general For purposes of this part, the term "enterprise zone business" means - (1) any qualified business entity, and (2) any qualified proprietorship. (b) Qualified business entity For purposes of this section, the term "qualified business entity" means, with respect to any taxable year, any corporation or partnership if for such year - (1) every trade or business of such entity is the active conduct of a qualified business within an empowerment zone, (2) at least 50 percent of the total gross income of such entity is derived from the active conduct of such business, (3) a substantial portion of the use of the tangible property of such entity (whether owned or leased) is within an empowerment zone, (4) a substantial portion of the intangible property of such entity is used in the active conduct of any such business, (5) a substantial portion of the services performed for such entity by its employees are performed in an empowerment zone, (6) at least 35 percent of its employees are residents of an empowerment zone, (7) less than 5 percent of the average of the aggregate unadjusted bases of the property of such entity is attributable to collectibles (as defined in section 408(m)(2)) other than collectibles that are held primarily for sale to customers in the ordinary course of such business, and (8) less than 5 percent of the average of the aggregate unadjusted bases of the property of such entity is attributable to nonqualified financial property. (c) Qualified proprietorship For purposes of this section, the term "qualified proprietorship" means, with respect to any taxable year, any qualified business carried on by an individual as a proprietorship if for such year - (1) at least 50 percent of the total gross income of such individual from such business is derived from the active conduct of such business in an empowerment zone, (2) a substantial portion of the use of the tangible property of such individual in such business (whether owned or leased) is within an empowerment zone, (3) a substantial portion of the intangible property of such business is used in the active conduct of such business, (4) a substantial portion of the services performed for such individual in such business by employees of such business are performed in an empowerment zone, (5) at least 35 percent of such employees are residents of an empowerment zone, (6) less than 5 percent of the average of the aggregate unadjusted bases of the property of such individual which is used in such business is attributable to collectibles (as defined in section 408(m)(2)) other than collectibles that are held primarily for sale to customers in the ordinary course of such business, and (7) less than 5 percent of the average of the aggregate unadjusted bases of the property of such individual which is used in such business is attributable to nonqualified financial property. For purposes of this subsection, the term "employee" includes the proprietor. Sec. 1397C. Enterprise zone business defined TITLE 26, Subtitle A, CHAPTER 1, Subchapter U, PART III, Subpart D, Sec. 1397C. STATUTE (a) In general For purposes of this part, the term "enterprise zone business" means - (1) any qualified business entity, and (2) any qualified proprietorship. (b) Qualified business entity For purposes of this section, the term "qualified business entity" means, with respect to any taxable year, any corporation or partnership if for such year - (1) every trade or business of such entity is the active conduct of a qualified business within an empowerment zone, (2) at least 50 percent of the total gross income of such entity is derived from the active conduct of such business, (3) a substantial portion of the use of the tangible property of such entity (whether owned or leased) is within an empowerment zone, (4) a substantial portion of the intangible property of such entity is used in the active conduct of any such business, (5) a substantial portion of the services performed for such entity by its employees are performed in an empowerment zone, (6) at least 35 percent of its employees are residents of an empowerment zone, (7) less than 5 percent of the average of the aggregate unadjusted bases of the property of such entity is attributable to collectibles (as defined in section 408(m)(2)) other than collectibles that are held primarily for sale to customers in the ordinary course of such business, and (8) less than 5 percent of the average of the aggregate unadjusted bases of the property of such entity is attributable to nonqualified financial property. (c) Qualified proprietorship For purposes of this section, the term "qualified proprietorship" means, with respect to any taxable year, any qualified business carried on by an individual as a proprietorship if for such year - (1) at least 50 percent of the total gross income of such

Sec. 1397C. Enterprise zone business defined TITLE 26, Subtitle A, CHAPTER 1, Subchapter U, PART III, Subpart D, Sec. 1397C. STATUTE (a) In general For purposes of this part, the term "enterprise zone business" means - (1) any qualified business entity, and (2) any qualified proprietorship. (b) Qualified business entity For purposes of this section, the term "qualified business entity" means, with respect to any taxable year, any corporation or partnership if for such year - (1) every trade or business of such entity is the active conduct of a qualified business within an empowerment zone, (2) at least 50 percent of the total gross income of such entity is derived from the active conduct of such business, (3) a substantial portion of the use of the tangible property of such entity (whether owned or leased) is within an empowerment zone, (4) a substantial portion of the intangible property of such entity is used in the active conduct of any such business, (5) a substantial portion of the services performed for such entity by its employees are performed in an empowerment zone, (6) at least 35 percent of its employees are residents of an empowerment zone, (7) less than 5 percent of the average of the aggregate unadjusted bases of the property of such entity is attributable to collectibles (as defined in section 408(m)(2)) other than collectibles that are held primarily for sale to customers in the ordinary course of such business, and (8) less than 5 percent of the average of the aggregate unadjusted bases of the property of such entity is attributable to nonqualified financial property. (c) Qualified proprietorship For purposes of this section, the term "qualified proprietorship" means, with respect to any taxable year, any qualified business carried on by an individual as a proprietorship if for such year - (1) at least 50 percent of the total gross income of such individual from such business is derived from the active conduct of such business in an empowerment zone, (2) a substantial portion of the use of the tangible property of such individual in such business (whether owned or leased) is within an empowerment zone, (3) a substantial portion of the intangible property of such business is used in the active conduct of such business, (4) a substantial portion of the services performed for such individual in such business by employees of such business are performed in an empowerment zone, (5) at least 35 percent of such employees are residents of an empowerment zone, (6) less than 5 percent of the average of the aggregate unadjusted bases of the property of such individual which is used in such business is attributable to collectibles (as defined in section 408(m)(2)) other than collectibles that are held primarily for sale to customers in the ordinary course of such business, and (7) less than 5 percent of the average of the aggregate unadjusted bases of the property of such individual which is used in such business is attributable to nonqualified financial property. For purposes of this subsection, the term "employee" includes the proprietor. Sec. 1397C. Enterprise zone business defined TITLE 26, Subtitle A, CHAPTER 1, Subchapter U, PART III, Subpart D, Sec. 1397C. STATUTE (a) In general For purposes of this part, the term "enterprise zone business" means - (1) any qualified business entity, and (2) any qualified proprietorship. (b) Qualified business entity For purposes of this section, the term "qualified business entity" means, with respect to any taxable year, any corporation or partnership if for such year - (1) every trade or business of such entity is the active conduct of a qualified business within an empowerment zone, (2) at least 50 percent of the total gross income of such entity is derived from the active conduct of such business, (3) a substantial portion of the use of the tangible property of such entity (whether owned or leased) is within an empowerment zone, (4) a substantial portion of the intangible property of such entity is used in the active conduct of any such business, (5) a substantial portion of the services performed for such entity by its employees are performed in an empowerment zone, (6) at least 35 percent of its employees are residents of an empowerment zone, (7) less than 5 percent of the average of the aggregate unadjusted bases of the property of such entity is attributable to collectibles (as defined in section 408(m)(2)) other than collectibles that are held primarily for sale to customers in the ordinary course of such business, and (8) less than 5 percent of the average of the aggregate unadjusted bases of the property of such entity is attributable to nonqualified financial property. (c) Qualified proprietorship For purposes of this section, the term "qualified proprietorship" means, with respect to any taxable year, any qualified business carried on by an individual as a proprietorship if for such year - (1) at least 50 percent of the total gross income of such individual from such business is derived from the active conduct of such business in an empowerment zone, (2) a substantial portion of the use of the tangible property of such individual in such business (whether owned or leased) is within an empowerment zone, (3) a substantial portion of the intangible property of such business is used in the active conduct of such business, (4) a substantial portion of the services performed for such individual in such business by employees of such business are performed in an empowerment zone, (5) at least 35 percent of such employees are residents of an empowerment zone, (6) less than 5 percent of the average of the aggregate unadjusted bases of the property of such individual which is used in such business is attributable to collectibles (as defined in section 408(m)(2)) other than collectibles that are held primarily for sale to customers in the ordinary course of such business, and (7) less than 5 percent of the average of the aggregate unadjusted bases of the property of such individual which is used in such business is attributable to nonqualified financial property. For purposes of this subsection, the term "employee" includes the proprietor. Sec. 1397C. Enterprise zone business defined TITLE 26, Subtitle A, CHAPTER 1, Subchapter U, PART III, Subpart D, Sec. 1397C. STATUTE (a) In general For purposes of this part, the term "enterprise zone business" means - (1) any qualified business entity, and (2) any qualified proprietorship. (b) Qualified business entity For purposes of this section, the term "qualified business entity" means, with respect to any taxable year, any corporation or partnership if for such year - (1) every trade or business of such entity is the active conduct of a qualified business within an empowerment zone, (2) at least 50 percent of the total gross income of such entity is derived from the active conduct of such business, (3) a substantial portion of the use of the tangible property of such entity (whether owned or leased) is within an empowerment zone, (4) a substantial portion of the intangible property of such entity is used in the active conduct of any such business, (5) a substantial portion of the services performed for such entity by its employees are performed in an empowerment zone, (6) at least 35 percent of its employees are residents of an empowerment zone, (7) less than 5 percent of the average of the aggregate unadjusted bases of the property of such entity is attributable to collectibles (as defined in section 408(m)(2)) other than collectibles that are held primarily for sale to customers in the ordinary course of such business, and (8) less than 5 percent of the average of the aggregate unadjusted bases of the property of such entity is attributable to nonqualified financial property. (c) Qualified proprietorship For purposes of this section, the term "qualified proprietorship" means, with respect to any taxable year, any qualified business carried on by an individual as a proprietorship if for such year - (1) at least 50 percent of the total gross income of such

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Feeling a little overwhelmed, Luke? Well, you shouldn't be! Here are some helpful tips to consider.

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You should begin studying four or five months in advance to taking the test, at a bare minimum. Some people study for a whole year, or even more.

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The test should, ideally, be taken during the June after your junior year, or before then. The earlier, the better.

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Spend at least 15 minutes a day studying, but try not to go longer than an hour and a half a daily. Some days will take longer - on days when you take a practice exam, you might spend four or five hours on it.

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Don't skip a day! Study every single day, even for a little bit. You have to consistently build the skills in your head.

On the actual day of the test, make sure you eat nothing but wholesome, easily-digestible foods, so that...

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What are you doing?? Stop that immediately!!

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On the day of the test, be sure to get a good night's sleep, try to avoid other forms of stress, absolutely no drugs or alcohol...and definitely don't eat anything that might give you a stomachache. That could be terrible.

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Another nice trick is to circle the letter of the correct answer as you bubble them in, it'll make it hugely easier to ensure that your bubbled answers jibe with your intended ones when you check your work. (You ARE checking your work, right? RIGHT?)

But most importantly...

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Relax.