2006-08-13 04:55:34 · 5 answers · asked by Alfalfa Sprout 3 in Business & Finance ➔ Credit
Under federal law it's 25% of your net income.
However, Florida has some exceptions for your income to be exempt from garnishment. If you're Head of Household and provide support of 50% or more for a child or other dependent, your income may become exempt.
See Florida's statute 222.11 or Florida's Asset Protection Law
2006-08-13 11:24:39 · answer #1 · answered by Celeste 6 · 1⤊ 0⤋
And yet another uninformed and unresearched answer.........
Federal laws can be superceded by state laws. Some states even ban the garnishment of wages (Texas for example).
In Florida, they can take 25% of your wages (net, after taxes are deducted). This is called your "disposable income"....or the amount of which exceeds 30 times the federal minimum wage per week (about $160), whichever is greater.
2006-08-13 11:22:30 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Exemptions laws in Florida
http://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=Ch0222/titl0222.htm&StatuteYear=2004&Title=%2D%3E2004%2D%3EChapter%20222
2005 Florida changes on judgments and garnishment rules - pdf.
http://www.flsenate.gov/data/session/2005/House/bills/analysis/pdf/h0427d.JC.pdf
2006-08-13 14:09:30 · answer #3 · answered by echo 7 · 0⤊ 0⤋
65% and it's a federal law
2006-08-13 04:57:36 · answer #4 · answered by J Somethingorother 6 · 0⤊ 0⤋
dk
2006-08-13 05:02:10 · answer #5 · answered by ssgtusmc3013 6 · 0⤊ 0⤋