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Vinvika [58]
3 years ago
8

Games Galore Corp. hires Haley, a minor, to create new customized game software for certain clients. Haley signs a contract that

requires her to work for Games Galore for eighteen months. Before beginning work, however, Haley tells Games Galore that she will not create new software for Games Galore and that she is going to work for Ideal Worldcraft, Inc., a Games Galore competitor. Is Games Galore's contract with Haley enforceable? Why or why not?
Business
1 answer:
egoroff_w [7]3 years ago
7 0

Explanation:

In the scenario exemplified in the question above, it can be said that because he is a minor, Haley's contract with Games Galore can be canceled.

Therefore, if the case is brought to court, it will likely be determined that Haley will return the valuable work materials provided by Game Galore and any amounts received by Haley that were provided for in the contract.

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Correct answer:

1. Investment

2. Trade-off of present for future benefit

Incorrect answers:

1. The only possible decision

2. The consumption of consumer goods.

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One of the advantages of being a limited partner in a real estate investment venture is that you have __________ liability. limi
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Peggy is in the business of factoring accounts receivable. Last year, she purchased a $30,000 account receivable for $25,000. Th
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Brent is a full-time exempt employee in Clark County, Indiana. He earns an annual salary of $39,360 and is paid semimonthly. He
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Answer:

  • Federal Income tax ⇒ $80
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Explanation:

Brent gets paid semi-monthly so his pay per period is:

= 39,360 / (12 months *2)

= $1,640

Based on the table therefore, his federal tax is:

= $80

This figure is based on the intersection between income of $1,640 and 3 withholding allowances.

FICA tax rate is 7.65% so his FICA tax is:

= 1,640 * 7.65%

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State income tax = $52.97

Local deduction - Clark County Income tax = $29.52

Total deductions:

= Federal tax + FICA + State income tax + Clark County income tax

= 80 + 125.46 + 52.97 + 29.52

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$16.20

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