Los Angeles Has Especially Bad Inversion Problems Because It

question 7

Multiple Choice

Los Angeles has especially bad inversion problems because it

• A) Lies on a flat space by the ocean
• B) Is in a warm climate and is partly ringed by mountains
• C) Occupies such a large geographical area
• D) Generally has cloudy skies at night
• E) All of these are correct

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Definitions:

Average Tax Rate

The portion of total income paid in taxes, calculated by dividing the total amount of taxes paid by the taxpayer's total income.

Taxable Income

The amount of income subject to taxes, determined by subtracting deductions and exemptions from gross income.

Marginal Tax Rate

The percentage of tax applied to your income for each tax bracket in which you qualify, essentially the rate applied to the last dollar of the taxpayer's income.

Federal Income Tax

An annual fee collected by the United States federal government from individuals, corporations, trusts, and other legal entities' earnings.