Business, 11.03.2020 23:41, Theresab2021

Jon owns an apartment building in which he is a material participant and a computer consulting business. Of the 2,000 hours he spends on these activities during the year, 55% of the time is spent operating the apartment building and 45% of the time is spent in the computer consulting business. Which of the following statements is correct?a. The computer consulting business is a passive activity but the apartment building is not. b.The apartment building is a passive activity but the computer consulting business is not. c.Both the apartment building and the computer consulting business are passive activities. d.Neither the apartment building nor the computer consulting business is a passive activity. e.None of the above.

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Jon owns an apartment building in which he is a material participant and a computer consulting busin...