Which of the Following Is an Example of Barter

question 51

Multiple Choice

Which of the following is an example of barter?

• A)A parent gives a teenager a R100 note in exchange for her babysitting services.
• B)A homeowner gives an exterminator a cheque for R500 in exchange for extermination services.
• C)A barber gives a plumber a haircut in exchange for the plumber fixing the barber's leaky tap.
• D)All of the above are examples of barter.

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Definitions:

AGI Deduction

A reduction allowed in computing an individual's Adjusted Gross Income, which can include certain business expenses, educational expenses, or health savings account contributions.

Health Savings Account

A tax-advantaged savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan.

High Deductible Health Plan

A health insurance plan with lower premiums and higher deductibles than traditional health plans, often coupled with a Health Savings Account (HSA).

Unreimbursed

Expenses that have not been paid back or compensated, especially reference to employee business expenses.