Ellen,a CPA,prepares a Tax Return for Frank,a Plumber,in Exchange for Installing

question 103

True/False

Ellen,a CPA,prepares a tax return for Frank,a plumber,in exchange for installing a new sink.Since no cash changed hands,neither taxpayer is required to report any income.

---

Definitions:

Secondary Reinforcers

are stimuli that have become reinforcing through association with primary reinforcers, such as money being associated with food and comfort.

Tuition Reimbursement

A benefit offered by employers to cover part or all of the cost of their employees' education as an investment in workforce development.

Dental Coverage

A type of health insurance that specifically covers the costs associated with dental care services.

Life Insurance

A contract between an insurer and a policyholder, providing a death benefit to beneficiaries in exchange for premiums paid by the policyholder.