[Solved] #1 Question 5 Ordinary income or gain is

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#1 Question 5 Ordinary income or gain is produced by an activity in which the taxpayer materially and actively participates. The tax rates that apply

#1 Question 5

Ordinary income or gain is produced by an activity in which the taxpayer materially and actively participates. The tax rates that apply are Ordinary rates and possibly employment taxes.

TRUE or FALSE, please also explain your answer and/or provide a source

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