Megan participates 100 hours in her Alaskan fishing boat operation, while her only employee particip
Megan participates 100 hours in her Alaskan fishing boat operation, while her only employee participates 25 hours. Which of the following is correct regarding Megan's material participation?
Megan is a material participant because this activity is a significant participation activity.
Megan is a material participant because her participation constitutes substantially all of the participation in the activity for the year.
Megan is a material participant because she participated 100 hours which is not less than the participation of any other individual in the activity.
Megan is not a material participant because she did not meet any of the current year tests of material participation.
Megan is a material participant because she did not participate in the activity for more than 500 hours.
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