Jon Owns an Apartment Building in Which He Is a Material

question 71

Multiple Choice

Jon owns an apartment building in which he is a material participant and also owns 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.

• 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 these these applies here.

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Definitions:

Blood Pressure

The force exerted by circulating blood on the walls of the body's arteries.

Heart Rate

The count of heart pulses in a given time frame, typically expressed in beats per minute (bpm).

Glucocorticoid Secretion

The production and release of glucocorticoids, a type of steroid hormone involved in the regulation of glucose metabolism, immune response, and stress response.

Adrenal Cortex

The outer portion of the adrenal gland that produces steroid hormones which regulate carbohydrate and fat metabolism and mineralocorticoid hormones that regulate salt and water balance.