609.450 - “Net earnings” defined. - Nevada Statutes

609.450  “Net earnings” defined.  “Net earnings” means the gross earnings received for services rendered by a minor during the term of a contract, less:

      1.  All sums required by law to be paid as taxes to any federal, state or local government with respect to or by reason of such earnings;

      2.  Reasonable sums to be expended for the support, care, education, training and professional management of the minor; and

      3.  Reasonable fees and expenses to be paid in connection with the contract and its performance.

      (Added to NRS by 2003, 1588)