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Question Content AreaJed spends 3 2 hours a week, 5 0 weeks a year, operating a bicycle rental store that he owns at a resort
Question Content AreaJed spends hours a week, weeks a year, operating a bicycle rental store that he owns at a resort community. He also owns a music store in another city that is operated by a fulltime employee. He elects not to group them together as a single activity under the "appropriate economic unit" standard. Jed spends hours per year working at the music store.
a Neither store is a passive activity.
b Both stores are passive activities.
c Only the music store is a passive activity.
d Only the bicycle rental store is a passive activity.
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