David Says to Mike, "I Promise to Give You $200

question 57

Multiple Choice

David says to Mike, "I promise to give you $200 if you paint my house." This is most likely to be an example of a(n) _____ contract.

• A) unenforceable
• B) unilateral
• C) void
• D) executed

---

Definitions:

Employee Annual Earnings

The total amount of income an employee earns in one year, including wages, salaries, bonuses, and other compensation.

FICA-OASDI

Federal Insurance Contributions Act - Old Age, Survivors, and Disability Insurance; a U.S. payroll tax to fund Social Security and Medicare benefits.

Employee's Portion

The part of payroll taxes and other deductions that employees are responsible for, which is withheld from their wages.

Taxes

Financial charges imposed by a government on individuals, corporations, and transactions to fund public spending and services.