Juan Works as a Landscaper for Local Businesses on Weekends

question 137

Essay

Juan works as a landscaper for local businesses on weekends, and he often provides services in exchange for property. This year Juan provided lawn-mowing services in exchange for $1,275 of car repair services, $3,570 of groceries, and a certificate of deposit (CD)for $4,050. The CD matures next year with interest. Finally, Juan received a gift card that can only be applied for $850 of clothing at a local mall. Juan has only applied the gift card to purchase $100 of clothing. Compute Juan's gross income, assuming that he uses the cash basis of accounting.

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Definitions:

War On Poverty

A set of government programs introduced in the 1960s in the United States aimed at reducing poverty rates through education, health care, and social services.

National Endowments

Financial grants provided by a government or large institution to support arts, sciences, education, and other public good initiatives.

Public Broadcasting Service

A non-profit television network in the United States, offering educational and cultural programming with the aim of enriching the public's knowledge.

Social Justice

A concept of fair and just relations between the individual and society, measured by the distribution of wealth, opportunities for personal activity, and social privileges.