Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Geraldine Wolfe is a supervisor at Fantastigifts. She has an annual salary of $45,500, paid biweekly, and a garnishment for consumer credit of $435. Assuming

Geraldine Wolfe is a supervisor at Fantastigifts. She has an annual salary of $45,500, paid biweekly, and a garnishment for consumer credit of $435. 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 Geraldines consumer credit garnishment? (Round your intermediate calculations and final answer to 2 decimal places.)

1. Does the garnishment follows the CCPA?

2. Maximum garnishment allowed:

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions