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From the Wikipedia page, only 15% of the child’s earnings need to be put aside into a trust: “This law requires a child actor's employer to set aside 15% of th
by andygcook 8y ago
From the Wikipedia page, only 15% of the child’s earnings need to be put aside into a trust:
“This law requires a child actor's employer to set aside 15% of the earnings in a trust (often called a Coogan Account), and codifies issues such as schooling, work hours and time off.”
Seems like it should be more.
- thaumasiotes 8y agoHow much does this apply to a child employed by his own parents? I know the normal child labor laws don't apply -- at all -- in that case.
- ian0 8y agoFor those wondering the same thing as me: http://www.perennialfinancialservices.com/blog/thank-uncle-fester-the-origin-of-coogan-accounts http://www.perennialfinancialservices.com/blog/thank-uncle-f...