Rick, a computer consultant, owns a separate business (not real estate) in which he participates. He has one employee who works part-time in the business. No ones else works in the business. Which of the following is INCORRECT regarding that business.

a. If Rick participates for 400 hours and the employee participates for 420 hours during the year, Rick qualifies as a material participant.

b. If Rick participates for 550 hours and the employee participates for 2,000 hours during the year, Rick qualifies as a material participant.

c. If Rick participates for 120 hours and the employee participates for 120 hours during the year, Rick does not qualify as a material participant.

d. If Rick participates for 95 hours and the employee participates for 5 hours during the year, Rick probably does not qualify as a material participant.

e. All of the above