2006-08-29 13:29:35 · 6 answers · asked by phoenix24 1 in Business & Finance ➔ Credit
THEY TAKE IT ON THE NET BEFORE CHILD SUPPORT , LOANS , ETC COMES OUT OF IT . USUALLY 12-27% PER GARNISHEE. SHOULD OF PAID YOUR BILLS BEFORE IT GOT TO THIS .
2006-08-29 13:33:23 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The consumer credit protection act is the federal guidelines that dictate what each state can and can not garnish. All garnishments are done on a "net" basis and are subject to a max amount after disposible income of 25%. Disposable income is the min wage x 30. If the amount is equal to or less than this amount nothing can be garnished. Anything over this amount is subject to garnishment.
For example, if your "net" pay is 250.00 then only the amount of 95.50 is subject to the 25% rule or 23.88 to garnish. Also note, some states do not allow garnishments except for child support, state or federal taxes and student loans.
2006-08-30 01:32:05 · answer #2 · answered by jv1104 3 · 0⤊ 0⤋
Does anybody actually research their answers any more?
After all required taxes are deducted, they garnish up to 25%. There is a specific formula they follow depending on your income.
Loans, savings, health insurance, and other non-tax or voluntary items come afterward.
2006-08-29 22:58:45 · answer #3 · answered by Anonymous · 1⤊ 0⤋
net
2006-08-29 20:33:11 · answer #4 · answered by Norman 7 · 0⤊ 0⤋
I believe it will be taken out of your gross pay just like any other payment...ie: medical, dental, etc.
2006-08-29 20:33:21 · answer #5 · answered by ray of sunshine 4 · 0⤊ 0⤋
net!!! all deduction you pay is done after taxes
2006-08-29 20:34:48 · answer #6 · answered by ken l 1 · 0⤊ 0⤋