§ 904. Net Earnings of Minor; Set Aside and Preservation
904. Net Earnings of Minor; Set Aside and Preservation
(a) In this section, “net earnings” means the total amount to be received for the services of the minor under the contract less:
(1) the sum required by law to be paid as taxes to any government or governmental agency;
(2) a reasonable sum to be expended for the support, care, maintenance, education, and training of the minor;
(3) fees and expenses paid in connection with procuring the contract or maintaining employment of the minor; and
(4) attorney's fees for services rendered in connection with the contract or any other business of the minor.
(b) Notwithstanding any other law, the court may require in an order approving a contract under Section 903 of this code that a portion of the net earnings of the minor under the contract be set aside and preserved for the benefit of the minor in a trust created under Section 867 of this code or a similar trust created under the laws of another state. The amount to be set aside under this subsection must be a reasonable amount as determined by the court.