Question

Juan is an elementary teacher who earned a salary of $49,000 in 2019. To supplement his income, he often 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 $15,000 in cash payments, $1,790 of car repair services, $5,700 of groceries, and a certificate of deposit (CD) for $6,350. The CD matures next year with interest. Finally, Juan received a gift card that can only be applied for $1,810 of clothing at a local mall. Juan has only applied the gift card to purchase $213 of clothing. Compute Juan's gross income, assuming that he uses the cash basis of accounting. (Do not use commas or dollar signs.)

Answer 1

Statement showing Juan's income considering cash basis of accounting
Particulars	Amount in $
Salary	49,000
Lawn mowing services	15,000
Certificate of deposit	6,350
Total Income	70,350
payment of $1790 in terms of car repair not considered as not received in cash
$ 5700 of groceries not considered as not in cash
Gift card of $1810 also as not in cash