Disposable Earnings

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That portion of one's income that a person is free to spend or invest as he or she sees fit, after payment of taxes and other obligations.

Legally mandated deductions are those for the payment of taxes and Social Security. Any deductions for medical insurance, Pension plans, life insurance, or employee savings plans do not qualify and must be included in the disposable earnings. Take-home pay is, therefore, not necessarily synonymous with disposable earnings because of this distinction between the deductions.

The federal Consumer Credit Protection Act (15 U.S.C.A. § 1601 et seq. [1968]) establishes a minimum amount of disposable earnings that can be garnished by a debtor's creditors. The lesser figure of 25 percent of a worker's weekly disposable earnings or the amount by which his or her disposable earnings exceed thirty times the maximum hourly wage is subject to Garnishment.

State laws also impose restrictions on the garnishment of debtor's wages.

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garnishment			The supplier and the bartender might never get all their money, but Joe will be required to pay all of his disposable earnings to the court, which will then distribute the money to Joe’s creditors. Heckonomics: Bankrupt! by Timothy P. Carney / www.Culture11.com In cash terms, disposable earnings in the capital were pounds 16,900 per person, compared with an average of pounds 13,900. Great north-south cash divide by Huddersfield Daily Examiner (Huddersfield, England) Deductions that are not required by law and that may not be subtracted from gross earnings when calculating disposable earnings under the CCPA are: voluntary wage deductions, union dues, health and life insurance, charitable contributions, savings bonds, optional retirement plans, reimbursements to employers for payroll advances or merchandise. What Is A Wage Garnishment? by Earl Powers / Finance and Investment community			dispersal disperse disperse completely dispersion dispirit dispirited dispiriting displace displaced displaced person displacement displacement of rightful owner displacency displant display display line display oneself boldly display with effrontery displease displeasing displeasure displume Dispone disponere disposable Disposable Earnings disposal disposal of items Disposal of unclaimed items dispose dispose of dispose of for profit disposed disposed of disposed to believe disposed to bestow favors disposed to cavil disposed to cheat disposed to controversy disposed to doubt disposed to envy disposed to fight disposed to good disposed to insist disposed to mercy disposed to peace disposed to talk freely disposed to yield disposer of stolen goods disposing mind and memory dispositio			disporting Disportment disports disposability disposability disposability disposability disposable disposable disposable disposable Disposable Absorbent Containment Trunk Disposable Absorption Collection Trunk disposable assets Disposable battery Disposable battery Disposable battery Disposable blades Disposable blades Disposable cutlery Disposable cutlery Disposable diaper Disposable diaper Disposable diaper Disposable diapers Disposable diapers Disposable diapers Disposable e-mail Disposable e-mail address Disposable e-mail address Disposable Earnings Disposable Enterics Card Disposable Excess Disposable Eye-Respiratory Protection Disposable Film Festival Disposable Filter Assembly Disposable Food Packaging Disposable Food Packaging Disposable Food Packaging Disposable Food Packaging Disposable Food Service Products disposable goods Disposable Heroes Clan Disposable Heroes of Hiphoprisy Disposable In-suit Drink Bag disposable income disposable income disposable income disposable income Disposable Income per Capita disposable incomes disposable incomes disposable incomes disposable incomes Disposable Laryngeal Mask Airway Disposable Molecular Sieve Bed Disposable Monthly Income Disposable pads Disposable pads Disposable panties Disposable people

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