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If the disposable income total is 188.06 for an employee do you garnish the 154.50 Or 25percent?


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Answered 2007-08-31 16:44:06



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Up to 25% of your disposable income. Disposable income is gross - taxes.

The limit is 25% of your weekly disposable income.

The IRS can garnish a self employed or 1099 employee. If income taxes are not paid, the IRS has the right to attempt to retrieve them.

Disposable income is defined to be income that is available for spending and saving after all taxes have been accounted for. Therefore, disposable income is a result of any income in a general sense. One needs to have a source of income such as a job to have more disposable income.

Up to 25% of your disposable income, but I'm assuming that's for EACH creditor, and it is possible to be garnished by multiple creditors.

Yes. The garnishment law for Michigan is not to exceed 25% of the person's disposable income.

Consumption also increases as disposable income increases.

Formulas are: Disposable income = consumption expenditure + savings - support of others; Discretionary income = Gross income - taxes - necessities. Although denotatively wrong, disposable income is commonly used to denote discretionary income.

As you know Y stands for national income ( Y= C +G +I + nX ) , so Yd means disposable Income , where d stands for disposable

Yes, a court order can garnish retirement income for a legitimate debt.

no. however, disposable income minus consumptions equals savings

Saudi Arabia and the UAE have the highest disposable income in the world, averaging over $220,000. Source:

Disposable income = Total net income less fixed (unavoidable) costs such as rent, food, utilities etc.

Your disposable income for a period of from three to five years. Disposable income is your income minus reasonable expenditures.

Increases in income allow for more disposable income which increases spending and the demand for goods. Decreases in income conversely decreases disposable income which decreases spending.

The cast of Disposable Income - 2010 includes: Alexander David as The Body

yes IRS will garnish 401k because they see it as a income.

The income that is not used for consumption is called disposable income

1. Should mean disposable income be used to predict sales based on the sample of Sunflowers stores?

Take your monthly income and subtract your monthly bills and cost of living expenses (gas, groceries, etc.) The money that is left is consider disposable income.

The maximum under federal law is 25% of disposable income. If the state in which the garnishment is executed has a lower percentage of wage garnishment than 25% that is the one that is assessed.

Yes the IDES can and will garnish your income tax refund they did mine 2013 took 3,400.

Yes, the IRS can, and will, garnish an income tax refund if money is owed from an audit.

If you owe money and have a judgment against you, they can garnish your income.

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