Contracts Made by People Who Were Intoxicated to Such an Extent

question 1

True/False

Contracts made by people who were intoxicated to such an extent that they would not have entered into it if they were sober, makes the contract voidable.

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Definitions:

Gross Pay

The total amount of an employee's earnings before any deductions or taxes are applied.

Federal Income Tax

The federal government's imposition of a financial charge on the yearly profits of individuals, corporations, trusts, and different legal organizations.

FICA Base Limit

The maximum amount of earnings subject to the Social Security portion of the Federal Insurance Contributions Act tax in a given year.

FICA-OASDI

Federal Insurance Contributions Act - Old Age, Survivors And Disability Insurance, a U.S. payroll tax funding Social Security and Medicare.