To determine Samuel's total gross receipts, we need to consider both his cash income, credit card income, and the value of the services he received from Ivy in the barter exchange.
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Cash Income: $18,000
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Credit Card Income: $15,500
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Value of Services Received from Ivy:
Since Ivy usually charges $400 for dog sitting, that would be the value of the service Samuel received in return for his brake repair.
Now, we can calculate the total gross receipts:
\[ \text{Total Gross Receipts} = \text{Cash Income} + \text{Credit Card Income} + \text{Value of Barter Services} \]
Substituting the values:
\[ \text{Total Gross Receipts} = $18,000 + $15,500 + $400 \]
Calculating the total:
\[ \text{Total Gross Receipts} = $33,900 \]
Therefore, Samuel's total gross receipts are $33,900.