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What type of income is robin ltd earning

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Question - Robin Ltd. is a corporation whose only business is providing accounting services for a fee to Faith Ltd., a large, privately owned, arm's length corporation. Shari and David are each 50% shareholders and the only employees of Robin Ltd.

Prior to the incorporation of Robin Ltd., both Shari and David were employed by Faith Ltd. in the accounting department. What type of income is Robin Ltd. earning?

1) Specified investment business income.

2) Property income.

3) Active business income.

4) Personal services business income.

Reference no: EM132431242

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