Jon Owns an Apartment Building in Which He Is a Material

question 124

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 the above.

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Definitions:

Crystallized Intelligence

The ability to use learned knowledge and experience.

Musical Intelligence

The ability to understand, create, and interpret musical pitches, rhythms, and tones, as identified by Howard Gardner's theory of multiple intelligences.

Theory of Multiple Intelligences

A theory proposed by Howard Gardner, suggesting that intelligence is not a single general ability but a combination of multiple intelligences, including linguistic, mathematical, musical, and others.

Identical Twins

Twins that develop from a single fertilized egg, sharing the same genes and typically having very similar appearances and characteristics.