Question 1: Samir owns shares of Shopify stock. On January 1, 2020, the value of the shares is $10,000. By December 31, 2020, the value of the shares increases to $17,500. Samir does not sell his shares. According to the H-S definition, why should Samir's unrealized capital gain be included as income for 2020? Question 2: In the United States, interest paid on the mortgage of a person's principal residence is deductible from income. We expect that this will a. Encourage people to buy bigger homes b. Encourage people to take on bigger mortgages c. Both of the above d. None of the above Question 3: Jasjit faces a MTR of 0.4. Angelica faces a MTR of 0.2. The government wants to encourage private saving and is debating between introducing a non-refundable tax credit of up to $900 or a deduction for those who save whose value is up to $5,000 per year. a. Does Jasjit or Angelica benefit more from a tax credit? Why? b. Does Jasjit or Angelica benefit more from a deduction? Why