What is the advantage of capital gains treatment of income compared to expensing?  Explain using natural resources as an example.  a. Why are capital gains considered as beneficial to natural resources stewardship and development? b. Explain how the calculation of taxes owed would be calculated.

4.1 A ________ provides money that does not need to be repaid. It is intended to promote renewable energy projects and is primarily available to commercial, industrial, utility, are educational institutions. a. Loan b. Incentive c. Grant d. Lease 4.2 In 1838 the photovoltaic  industry was started when Alexandre Edmund Becquerel discovered ______. a. The Becquerel principle b. The photovoltaic effect c. Solar radiation d. Solar irradiance 4.3 A(n) _______ converts DC electricity to AC electricity. a. Converter b. Inventer c. Coupler d. Transformer   4.4 A ______  system collects solar radiation from the sun and converts it directly into DC (direct current) electricity. a. Solar thermal b. Solar architectural c. Photovoltaic d. Radiator

Fiscal policy is defined as OA. the use of Congressional power to pursue social and political goals. B. the discretionary changing of government expenditures and/or taxes to achieve macroeconomic economic goal C. the design of a tax system to transfer income from large corporations to the poor. OD. the use of the taxing power of the government to redistribute wealth in a socially acceptable manner.

MACROECONOMICS Progressive Tax Based on your yearly income above, calculate the amount of tax each income bracket would pay under a progressive tax plan. Each row up to the total income amount should be filled in. For an example of a completed chart, go to Page 4 of Lesson 05.03: Sharing with Uncle Sam. Calculate the tax for $95,000. For example, $10,000x40%-%$4,000 in tax. Show your work!! Proposed Regressive Plan Calculate the tax for S25,000. For example, $10,000x40%=$4,000 in tax. Show your work!! 10% on income up to $25,000 20% on income between S25,000 and S34,000 25% on income between S34,000 and S44,000 30% on income between $44,000 and S80,000 40% on taxable income over S80,000 TOTAL TAX PAID (sum of all rows):