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Vignette #1 Robert and Chris have been at a local bar near their dormitory for one hour. Chris has had 3 beers already and Robert tells him to slow down because too much alcohol can cause death. Chris says this is not true since you just go to sleep when you drink too much. Chris also says that since he is allowed 2 drinks a day on average, he decided to save them up for the weekend. Robert is beginning to suspect that Chris might have a drinking problem. Let's see if you know more than Chris does concerning alcohol by answering these questions. How many drinks does Chris need to drink during the evening to constitute a "binge"?
Taxable
Pertaining to income, transactions, or assets that are subject to tax by governmental authorities.
Stock Split
A corporation’s decision to increase the number of its outstanding shares, thus reducing the share price.
Bookkeeping Services
Professional service that entails the recording of a company's financial transactions, ensuring accurate and up-to-date financial records.
Tax Return
A tax return is a form filed with a tax authority that reports income, expenses, and other pertinent tax information. Taxes owed or a refund owed to the taxpayer are determined through this form.
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