Revenue Law - Megan Marvel Case Study Assessment Answer

Megan Marvel Case Study Assessment Answer

Assignment Task:

Megan Marvel Case Study -

Megan Marvel was a senior executive working for Paradigm Films, an international film production company. In this role, she earns a salary of $250,000 per annum. In 2018, Megan received an Academy Award (‘Oscar’) for her work in directing a film. She received a gold statue worth $20,000. She had to sign a contract agreeing not to sell the statue. Five years ago, Megan was unhappy with her career with Paradigm Films and started to think about changing her career. She decided to leave the company. She had significant savings and wanted to see if she could make her name as an independent film producer. When she left her job, Megan entered into a contract with Paradigm Films where she agreed that she would not work in the film industry for 2 years in return for a payment of $500,000.

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