An Example of Someone with Alcohol Intake That Meets the American

question 28

Multiple Choice

An example of someone with alcohol intake that meets the American Cancer Society recommendations to help reduce risk of cancer is:

• A) a woman who drinks two glasses of wine every day.
• B) a woman who drinks heavily at parties, but otherwise does not drink.
• C) a man who drinks one or two beers 3 nights each week.
• D) a man who drinks 4 or 5 drinks once a week.

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Definitions:

MACRS

The Modified Accelerated Cost Recovery System, a method of depreciation for tax purposes that allows faster write-offs on property.

Mid-Month Convention

A rule for depreciation of business assets that assumes assets are acquired and disposed of at the midpoint of the month.

Personal Property

Assets belonging to an individual that are movable, excluding real estate or land.

Fines Paid

Monetary charges imposed as a penalty for breaking laws or regulations, generally not deductible for tax purposes.