29. LO.5, 8 Elizabeth owns an interest in a dress shop that has three full-time employees; during...

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29. LO.5, 8 Elizabeth owns an interest in a dress shop that has three full-time employees;

during the year, she works 450 hours in the shop. Elizabeth also owns an apartment building with no employees in which she works 1,200 hours a year. Is either activity a passive activity? Explain.

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