Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. lee tanaka spent 225 hours in the tax year marketi

Lee Tanaka spent 225 hours in the tax year marketing garden tools by a partnership...

90.2K

Verified Solution

Question

Accounting

Lee Tanaka spent 225 hours in the tax year marketing garden tools by a partnership in which he is a member. He also worked 140 hours with a floral design partnership that does decorations at weddings and funerals. Finally, he spent 155 hours in an investment club partnership managing the group stock trades. None of the entities are PTPs. He is considered a(n) ___________________ for all activities.

is she an employee, material participant or active participant, or significant participant?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

What are the design modeling actions that support creative design?

Operations Management
1.2K views

In detail discuss, with the use of practical examples, FOUR (4) management styles and the potential impact...

Chemistry
1.2K views

the seasonally averaged sulfate concentration in the pore water of a lake sediment is 50 uM...

Basic Math
1.2K views

the horizontal asymptotes of g 8 1 10 11 4 ve your answer as a...

Statistics
1.2K views

10 In a certain community 20 of cable subscribers also subscribe to the company s...

Statistics
1.2K views

Katie thinks that people living in a rural environment have a healthier lifestyle than other...

Calculus
1.2K views

The given curve is rotated about the y axis Find the area of the resulting...

Calculus
1.2K views

uiz in D Instruction Question 1 solve for x 23x 1 32 x 2 O...

Algebra
1.2K views

The right triangle below is dilated by a scale factor of Find the perimeter and...

Accounting
1.2K views

Fanning Company and Finch Company both apply overhead to the Work in Process Inventory account...

Accounting
1.2K views

Prepare the financial statement of profit and loss, balance sheet and change in equity for...

Accounting
1.2K views

TB Problem 3-155 (Algo) The income statements for... The income statements for the Alpha Company...