The correct option is
A Why is time wasted by you?
An action in a sentence can be represented in two ways, namely active and passive voice.
The passive voice always uses the past participle form of the main verb irrespective of any tense. Only the auxiliary verbs depend upon the sentence given in active voice.
The sentence given is in the active voice.
The correct answer is A) Why is time wasted by you?
Option A) is correct as the subject of the given sentence (time) comes in the place of the object (you) and vice versa. Also, the main verb (waste) is used in the third form (wasted).
Options B,C and D are not correct as 'been' cannot be used here, the auxiliary verb cannot be other than the auxiliary verb used in the given sentence, 'being' cannot be used here respectively