Which of the Following Is Not a Type of Consideration

question 26

Multiple Choice

Which of the following is not a type of consideration?

• A)A detriment to the promisor
• B)A benefit to the promisee.
• C)A promise to think about refraining from doing something.
• D)A promise to do something.
• E)A promise to refrain from doing something.

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Definitions:

FICA Medicare

The portion of the U.S. Federal Insurance Contributions Act tax that funds Medicare, providing health insurance to individuals over 65 and some younger with disabilities.

Federal Unemployment Taxes

Taxes imposed by the federal government on employers to fund state unemployment agencies and provide unemployment compensation to workers who have lost their jobs.

State Unemployment Taxes

Taxes imposed by state governments on businesses based on the amount of wages paid to employees, used to fund unemployment compensation programs.

Employer Payroll Tax Rates

The percentage rates at which employers are required to tax their employees' wages for federal and state payroll taxes.