32. Lew owns five activities, and he elects not to group them together as a sing

Question

32. Lew owns five activities, and he elects not to group them together as a single activity under the "appropriat 150 hours in Activi economic unit" standard. During the year, he participates for 120 hours in Activity A B, 140 hours in Activity C, 110 hours in Activity D, and 100 hours in Activity E a. Activities A, B, C, D, and E are all significant participation activities. b. Lew is a material participant in Activities A, B, C, and D only. c. Lew is a material participant in Activities A, B, C, D, and E d. Lew is not a material participant in any of the activities. e. None of the above

Explanation / Answer

Solution - (b)

Lew has participated materially in activities A, B, C, D

Total hours Participation in activities A to D

Lew has participated for 520 hours in activities from A to D. Hence lew has participated Materially and significantly in all these activities.

Lew Has participated in activity 'E' for materially less than and even not More than 100 Hours. Hence activity 'E' is not Material Participation activity.

Particulard Hours A 120 B 150 C 140 D 110 Total 520 Hours

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