Hi All,
Just wondering if some one has faced this requirement for garnishment.
either the 25% of disposable net or minumum net which ever is lesser.
We can capture 25% of disposable net but where & how do we capture the minimum net?
These are the the min.net rules:
If an employee is weekly - it is the federal hourly rate (by state) times 30
Example: hourly base rate for Texas is $7.25 X 30 = $217.50
Employee is paid bi-weekly - the federal hourly rate (by state) times 60
Example: hourly base rate for Texas is $7.25 X 60 = $435.00
Disposable wages = 835.90
Minimum net = 435.00.
835.90 x 25% = 208.98
835.90 u2013 208.98 >435.00, therefore $208.98 should be deducted.
Thanks