Climate Oscillations

question 6

Multiple Choice

Climate oscillations

• A) Can affect both the Atlantic and the Pacific oceans
• B) Never occur in conjunction with longer-term trends
• C) Usually affect only one ocean
• D) Never have an oscillatory period less than 20 years

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Definitions:

Tax

A mandatory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Marginal Tax Rate

The amount of tax paid on an additional dollar of income, which is typically a percentage that increases as income rises.

Horizontal Equity

The principle of tax fairness that states individuals with similar income and ability to pay should be taxed at the same rate.

Federal Income Tax

A tax levied by the federal government on the annual income of individuals, corporations, trusts, and other legal entities.