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Application of Skills Directions: Apply the Knowledge You Have Gained from Chapter 8

question 10

Multiple Choice

Application of Skills
Directions: Apply the knowledge you have gained from Chapter 8 to select the best answer to the questions about the following reading passage.
Just Another Night
1 It was just another night at the frat house. The drinking started early and usually didn't stop until dawn. One of my brothers, a popular easy-going guy named Ryan-not usually much of a drinker-was celebrating a big birthday: his twenty-first. Egged on by the hooting crowd, Ryan bolted down one drink after another, after another, after another.
2 By the time Ryan reached 12 drinks, he was slurring his words. As he kept chugging drinks, his face looked flushed; he started sweating heavily. When Ryan lurched to his feet, he swayed unsteadily for a few moments and then collapsed. At first everyone laughed. Then we tried to revive him. We couldn't.
3 "He's not breathing!" I shouted. Someone called 911, and paramedics rushed Ryan to the nearest hospital. His blood-alcohol concentration was several times above the legal limit. Despite intensive efforts by the medical team, nothing helped. Ryan's twenty-first birthday was his last. Our party was over.
-adapted from Hales,  An Invitation to Health: Choosing to Change , p. 377
Paragraph 3 begins with a direct quotation from the narrator in order to


Definitions:

Recognize Gain

The process of reporting the profit from a sale or exchange of an asset for tax purposes.

Dividend Income

Income received from owning shares of stock or mutual funds, which represents a portion of the company's profits distributed to its shareholders.

Domestic Corporation

A corporation that is incorporated under the laws of a specific country and conducts its operations primarily within that country.

Tax Returns

Tax returns are forms filed with taxing authorities that report income, expenses, and other pertinent tax information.

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