What Factors Must Be Present in Order for a Contract

question 12

Essay

What factors must be present in order for a contract to be discharged by frustration?

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Definitions:

Federal Unemployment Taxes

Taxes paid by employers to fund the federal government's oversight of the state's unemployment compensation programs.

Withhold

To deduct or hold back a portion of something, such as taxes from a paycheck.

Take-Home Pay

The net amount of income an employee actually receives after deductions such as taxes and retirement contributions.

Voluntary Deductions

Deductions from an employee's paycheck that the employee chooses to have withheld for benefits such as retirement plans, health insurance, and union dues.