Acct wek 3
Please complete the problems below and submit your answers in the Week 3 Dropbox. Responses should be at least one paragraph and a minimum of 250 words for each question. See the Syllabus section “Due Dates for Assignments & Exams" for due date information.
1. Compare and contrast being an employee and an independent contractor. Which one would you rather have as a business owner? Which one would you rather be as a worker? Why?
2. What is the passive activity loss limitation? Are rental activities passive activities?
Why or why not?
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