Question 14 of 75. What is the correct order in which the four limitations on potential losses must be applied? Basis; passive activity; at-risk; excess business loss. Passive activity; basis; excess business loss; at-risk. Basis; at-risk; passive activity; excess business loss. Excess business loss; at-risk; basis; passive activity. Mark for follow up Question 15 of 75. Which of the following situations does NOT describe a material participant? O Mika participated in Activity A for 20 hours, Activity B for 80 hours, and Activity C for 75 hours. Bree participated in Activity X for 612 hours. Justin was a full-time owner/employee at Activity Q from 2010 to 2020. Brent participated in Activity Y for 210 hours, more than any other individual. Mark for follow up