Question $4$

$0\mathrm{.}5$ Points

Larry, the plumber is unemployed and has no money. Jose, the roofer is unemployed and has no money. Jose says, "I'll fix the shngles that are falling off your roof, a $$600$ job, for free if you will fix my plumbing, a $$500$ job for free." They agree to do this.

Larry and Jose each have $$500$ in taxable income.

Larry has taxable income of $$600$ and Jose has taxable income of $$500.$

Larry has $$500$ in taxable income while Jose has $$600.$

$($D$)$

This is not a taxable event