In Most States,which of the Following Are Exceptions to When

question 30

Multiple Choice

In most states,which of the following are exceptions to when the statute of frauds would apply?

• A)Admissions,partial performance,and promissory estoppel
• B)Promissory estoppel and partial performance,but not admissions
• C)Partial performance and admissions,but not promissory estoppel
• D)Admissions but not partial performance or promissory estoppel
• E)Promissory estoppel but not admissions or partial performance

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Definitions:

FICA Tax

Federal Insurance Contributions Act tax, a U.S. federal payroll tax imposed on both employees and employers to fund Social Security and Medicare.

Federal Income Tax

A tax levied by the federal government on the annual income of individuals, corporations, trusts, and other legal entities.

Payroll Tax Expense

Taxes imposed on employers and employees, calculated as a percentage of salaries paid.

FICA Taxes Payable

Amounts owed by employers and employees for Social Security and Medicare, based on the Federal Insurance Contributions Act.