QUESTION 1 Tesa caters events on the weekends for extra income. During the week, she works full-time at a food service establishment. How would you classify Tesa's catering activity? a. Investment Activity Ob. Personal Activity Oc Trade or Business 0 d. Hobby 2 points Save Answer QUESTION 2 Selma owns multiple rental properties and keeps meticulous records of the time she spends managing these properties. Her accountant maintains separate records of all the income and expenses for each property. According to her records, she spent nearly 400 hours last year on real estate services for these properties. How would Selma's rental activity be classified? a. Investment Activity b. Personal Activity c. Trade or Business d. Hobby 2 points Save