Geraldine Wolfe is a supervisor at Fantastigifts. She has an annual salary of $49,000, paid biweekly, and a garnishment for consumer credit of $470. Assuming that her disposable income is 80 percent of her gross pay per period, does the garnishment follow the CCPA? If not, what is the maximum garnishment allowed for Geraldine’s consumer credit garnishment? (Round your intermediate calculations and final answer to 2 decimal places.) Does the garnishment follows the CCPA Maximum garnishment allowed
Geraldine Wolfe is a supervisor at Fantastigifts. She has an annual salary of $49,000, paid biweekly, and a garnishment for consumer credit of $470. Assuming that her disposable income is 80 percent of her gross pay per period, does the garnishment follow the CCPA? If not, what is the maximum garnishment allowed for Geraldine’s consumer credit garnishment? (Round your intermediate calculations and final answer to 2 decimal places.) Does the garnishment follows the CCPA Maximum garnishment allowed
College Accounting (Book Only): A Career Approach
12th Edition
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cathy J. Scott
Chapter7: Employee Earnings And Deductions
Section: Chapter Questions
Problem 5PA
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Geraldine Wolfe is a supervisor at Fantastigifts. She has an annual salary of $49,000, paid biweekly, and a garnishment for consumer credit of $470. Assuming that her disposable income is 80 percent of her gross pay per period, does the garnishment follow the CCPA? If not, what is the maximum garnishment allowed for Geraldine’s consumer credit garnishment? (Round your intermediate calculations and final answer to 2 decimal places.)
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