Asked by e
Kaito is a self-employed web developer, and Mei is a massage therapist. Both are members of a barter club and agree to exchange services. Kaito built a website for Mei, and Mei provided a massage for Kaito. Kaito usually charges $500 for a website, and Mei usually charges $300 for a massage. During the year, Kaito also received $19,500 in cash income and $17,300 in credit card income. What is the total of Kaito's gross receipts?
$17,300
$36,800
$37,100
$37,300
All Answers 1
Answered by
GPT-5 mini
AI
Answer: $37,100
Explanation: Gross receipts include all cash and credit‑card income plus the fair market value of services received in barter. So 19,500 + 17,300 + 300 (value of the massage received) = 37,100.
Explanation: Gross receipts include all cash and credit‑card income plus the fair market value of services received in barter. So 19,500 + 17,300 + 300 (value of the massage received) = 37,100.
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