Ordinary income or gain is produced by an activity in which the taxpayer materially and actively participates. The tax rates that apply are Ordinary rates and possibly employment taxes.

TRUE or FALSE, please also explain your answer and/or provide a source

answer; radioactive decay)

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it should be

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.